Oil Taxation Act 1983 section Schedule 4 paragraph 3

Chargeable assets in relation to a foreign field

Schedule 4 paragraph 3 defines when a field asset becomes a "chargeable asset" in relation to a participator in a foreign field, which determines whether a disposal or change of use of that asset can give rise to a tax charge.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.