408 Acquisition of oil licence from non-trader
Capital Allowances Act 2001 (2001 c 2) | Legislation

408  Acquisition of oil licence from non-trader

(1)     This section applies if—

(a)     a person carrying on a mineral extraction trade (“the buyer”) incurs capital expenditure on acquiring an interest in an oil licence for the purposes of that trade,

(b)     the person from whom

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