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Finance Act 2019

Finance Act 2019 Sch 15 para 38

Sch 15 para 38

The “total activated TTH amount” held by the purchaser for a loss period which is the first activation period is the lower of— (a) the amount by which, at the end of that period, the total decommissioning expenditure amount exceeds the total net profits amount (see paragraph 30), and (b) the total TTH amount.

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