Sch 32 para 6 General rule for determinations under this Schedule of “unrelievable portion” of loss
(1) The unrelievable portion of the allowable loss is so much of the intermediate unrelieved loss as cannot be relieved under paragraph 7 against relevant profits. (2) In this Schedule— “ the intermediate unrelieved loss ” is so much of the allowable loss as cannot be relieved under section 7 of the Oil Taxation Act 1975 against assessable profits accruing from the field to the loss-maker; “ relevant profits ” means assessable profits— accruing from the field to any participator in the field other than the loss-maker, computed as if the amounts mentioned in section 2(8)(a) of that Act did not include expenditure unrelated to the field except where it has been allowed in pursuance of a claim or election for its allowance received by the Board before 29th November 1994, and reduced (after being so computed) under section 7 of that Act. (3) In sub-paragraph (2) “ expenditure unrelated to the field ” has the meaning given by section 6(9) of that Act.