Closed consultation

Tax issues for late-life oil and gas assets

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Summary

A discussion paper on the tax treatment of late-life oil and gas assets, focussing on the tax issues that could affect their transfer.

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Consultation description

At Spring Budget 2017, the government announced it would publish a discussion paper on the tax treatment of late-life oil and gas assets. This paper considers the tax issues on the transfer of such assets to new investors and whether any changes to the tax rules could facilitate these transfers and support the government’s aim of Maximising Economic Recovery.

Documents

Published 20 March 2017
Last updated 24 November 2017 + show all updates
  1. Updated with expert panel minutes
  2. Updated 'Expert panel terms of reference' with a list of the members
  3. First published.