HC Deb 19 March 1984 vol 56 c847
Motion made, and Question,
That charges to income tax, corporation tax and capital gains tax may be imposed by provisions—
- (a) terminating repayment of advance corporation tax under section 17(3) of the Oil Taxation Act 1975 with respect to accounting periods ending on or after 1st April 1984;
- (b) limiting the allowances which may be claimed under Chapter I of Part III of the Finance Act 1971 on a transfer within Schedule 17 to the Finance Act 1980, of the whole or part of the interest in an oil field;
- (c) restricting the losses and other amounts which may be set against certain chargeable gains arising on disposals of interests in oil and in other assets used in connection with any of the activities mentioned in section 13(1) of the Oil Taxation Act 1975; and
- (d) restricting relief under Part VI of the Capital Gains Tax Act 1979 in certain cases where the assets replaced have been used in connection with any of those activities.—[Mr. Lawson.]
put forthwith pursuant to Standing Order No. 114 (Ways and Means motions), and agreed to.