[195A Oil licence swaps]
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

[195A  Oil licence swaps]

[(1)     Sections 195B to [195F] apply for the purposes of corporation tax on chargeable gains.

(2)     In those sections—

“licence-consideration swap” means a case where conditions A, B, C and D are met;

“mixed-consideration swap” means a case where conditions A, B, C and E are met.

(3)     Condition A is that a company (“company A”) disposes of one or more UK licences

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