Oil exploration and exploitation (ss 193-200)

Contents

Section 193 – Roll-over relief not available for gains on oil licences [TCGA 1992 s 193] Section commentary
Section 194 – Disposals of oil licences relating to undeveloped areas [TCGA 1992 s 194] Section commentary
Section 195 – Allowance of certain drilling expenditure [TCGA 1992 s 195] Section commentary
Section 195A – Oil licence swaps [TCGA 1992 s 195A] Section commentary
Section 195B – Licence-consideration swap [TCGA 1992 s 195B] Section commentary
Section 195C – Company that receives mixed consideration: N exceeds C [TCGA 1992 s 195C] Section commentary
Section 195D – Company that receives mixed consideration: N does not exceed C [TCGA 1992 s 195D] Section commentary
Section 195E – Company that gives mixed consideration [TCGA 1992 s 195E] Section commentary
Section 195F – Reimbursed expenditure [TCGA 1992 s 195F] Section commentary
Section 196 – Interpretation of sections 194 to 195F [TCGA 1992 s 196] Section commentary
Section 197 – Disposals of interests in oil fields etc.: ring fence provisions [TCGA 1992 s 197] Section commentary
Section 198 – Replacement of business assets used in connection with oil fields [TCGA 1992 s 198] Section commentary
Section 198A – Ring fence reinvestment: whole consideration reinvested [TCGA 1992 s 198A] Section commentary
Section 198B – Ring fence reinvestment: part of consideration reinvested [TCGA 1992 s 198B] Section commentary
Section 198C – Provisional application of sections 198A and 198B [TCGA 1992 s 198C] Section commentary
Section 198D – No double claims [TCGA 1992 s 198D] Section commentary
Section 198E – Ring fence reinvestments and disposal consideration [TCGA 1992 s 198E] Section commentary
Section 198F – Qualification for roll-over relief [TCGA 1992 s 198F] Section commentary
Section 198G – Qualification for section 153 relief [TCGA 1992 s 198G] Section commentary
Section 198H – Acquisition by member of same group [TCGA 1992 s 198H] Section commentary
Section 198I – Exploration, appraisal and development expenditure [TCGA 1992 s 198I] Section commentary
Section 198J – Oil and gas: reinvestment after pre-trading disposal [TCGA 1992 s 198J] Section commentary
Section 198K – Provisional application of section 198J [TCGA 1992 s 198K] Section commentary
Section 198L – Expenditure by member of same group [TCGA 1992 s 198L] Section commentary
Section 199 – Exploration or exploitation assets: deemed disposals [TCGA 1992 s 199] Section commentary
Section 200 – Limitation of losses on disposal of oil industry assets held on 31st March 1982 [TCGA 1992 s 200] Section commentary

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