Finance Act 2019 (c. 1)

SCHEDULES

SCHEDULE 15 U.K. Oil activities: transferable tax history

PART 15 U.K. Interpretation

“Licensed area” and “transferred oil field” U.K.

100 U.K. In this Schedule—

(a) references to the “licensed area” are references to the area to which the UK oil licence mentioned in paragraph 1 applies, and

(b) references to a “transferred oil field” are references to an oil field, or such part of an oil field, that falls within the licensed area.