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HMRC internal manual

Oil Taxation Manual

From
HM Revenue & Customs
Updated
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Capital Gains: Allowable Costs - Part Disposals

Where only part of a licence interest in a field is disposed of the normal part disposal rules at TCGA92\S42 will apply (see CG71800+).

Special rules apply to part disposals covered by the provisions at TCGA92\S194 regarding undeveloped areas (see OT30044+).