Taxation of Chargeable Gains Act 1992 section 198J

Oil and gas: reinvestment after pre-trading disposal

Section 198J provides a capital gains tax relief for oil and gas exploration and appraisal companies that dispose of certain assets and reinvest the proceeds back into exploration, appraisal or ring fence trade activities.

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.