Beta This part of GOV.UK is being rebuilt – find out what beta means

HMRC internal manual

Oil Taxation Manual

PRT: Exempt Gas - Expenditure Provisions

OTA75\S10(2)-(3)

Modification of rules for searching, obtaining a licence, and ascertaining OTA75\S10(3)(a)

Excluded oil does not qualify for expenditure relief, so if a field contains excluded and non- excluded oil any expenditure allowable under OTA75\S3(1)(a), (b),or (c) is apportioned by reference to the respective total reserves including such oil, and the reserves ignoring excluded oil (OT09375).

See the special rules concerning expenditure claimed under OTA75\S3(1)(hh), (i), or (j) in OT10550).

(See OT11200 and OT13250).