Part 1 Decommissioning Expenditure
Finance Act 2013 (2013 c 29) | Legislation

SCHEDULE 32 Restrictions on Allowances for Certain Oil-related Expenditure

Section 93

Part 1 Decommissioning Expenditure

1

CAA 2001 is amended as follows.

2

After section 165 insert—

“Restrictions on allowances: anti-avoidance
165A Decommissioning services supplied by connected person

(1)     Allowances under this Part are restricted under section 165B(1) if—

(a)     a person (“Râ€) who is carrying on, or has ceased to carry on, a ring fence trade enters into an arrangement,

(b)     under the arrangement, a person (“Sâ€) who is connected with R provides a service to R, and

(c)     all or part of the consideration for the service is decommissioning expenditure.

(2)     Subsection (1)(b) may be satisfied whether the service is provided to R directly or indirectly; and in particular it does not matter—

(a)     whether R and S are parties to the same contract, or

(b)     whether payments are made by R directly to S.

(3)     Subsections (4) to (9) apply for the purposes of this section and sections 165B to 165E.

(4)     References to providing a service include—

(a)     letting a ship on charter or any other asset on hire, and

(b)     providing goods which are to be used up in the course of

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