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Oil Taxation Act 1983 section 1
Expenditure incurred on non-dedicated mobile assets
Section 1 restricts the relief available under section 4 of the Oil Taxation Act 1975 (the principal Act) for capital expenditure on long-term assets, so that from 1 July 1982 onwards, section 4 relief only applies to mobile assets that are not dedicated to a particular oil field.
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