Field allowance: the total amount of field allowance available, additionally developed oil fields
Relief may be claimed under the additionally-developed oil field rules in addition to the new oil field allowances listed under CTA2010\S352 (Qualifying Oil Fields).
** This guidance is superseded by the introduction of the Investment Allowance legislation in Finance Act 2015. This applies to investment expenditure incurred on or after 1 April 2015. The relevant legislation is in Part 8 Chapter 6A of CTA 2010. Transitional rules are at paragraphs 7 and 8 of Part 2 Schedule 12 Finance Act 2015. Full updated guidance will be provided shortly. **