OT15890 - PRT: Tax-Exempt Tariffing Receipts

Excepted Assets - Assets subject to excess capacity election OTA83/S6B(3)(e)

A qualifying asset ( OT15100) is an excepted asset for the purpose of the qualifying existing field ( OT15860) condition in OTA83/S6B(1) if at the time of use the existing field was not a taxable field, the asset was subject to an election under FA94/S231 and it was at that time in operation with respect to an oil field.