Section 225Q: Amounts excluded from section 225O(1)
738.This section restricts relief where amounts are repaid to a guarantor instead of being applied to meet decommissioning costs. It is based on section 63(2) of FA 1991.
739.This provision is rewritten in full for income tax with necessary adaptation (such as “tax year” for “accounting period”). See the commentary on section 225O and Change 10 in Annex 1.