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HMRC internal manual

Oil Taxation Manual

PRT: Changes - FA93 - Non-dedicated mobile assets




As in the case of the assets dealt with at OT03535 where non-dedicated mobile assets are used only in connection with taxable fields then the pre-FA93 rules continue to apply and FA93 has no application.

Where a non-dedicated mobile asset becomes dedicated to a “non-taxable” field then no further relief is due under OTA83\SCH1\PARA9.

When considering the question of dedication of a mobile asset to a “non-taxable” field, a “claim period” for the purposes of OTA83\S2 is the period ending at the end of December following the determination of the field or any later twelve month period ending at the end of December (FA93\S190(2)).

Where during a claim period a non-dedicated mobile asset moves between a “taxable” and a “non-taxable” field then relief is to be allowed in the claim period of the taxable field in proportion to that part of the claim period during which the asset was dedicated to that field (S190(1) (see OT11100).