OT30078 - Capital Gains

Computational Points. Part Disposal. No Cash Consideration.

Where the disposal is a part disposal of the licence interest (i.e. usually by way of a work programme farm-out) and the only consideration is deemed to be Nil, the formula at TCGA92\s42(2) will give a Nil allowable cost. TCGA92\s53(3) would also operate to deny indexation allowance.