Introduction Details of the Section
4.Section 86 introduces Schedule 40 which provides for circumstances where oil licences are swapped and has effect for disposals made on or after 22 April 2009.
5.Schedule 40 also provides for circumstances where the consideration on the disposals of assets is reinvested and has effect in relation to disposals on or after 22 April 2009, whether or not the reinvestment takes place before, on or after that date.