Guidance on North Sea IDC transition rule

February 1997
Practical Accountant;Feb97, Vol. 30 Issue 2, p53
Trade Publication
Discusses the meaning and the context of the transition rule contained in an industry specialization program coordinated issue paper relating to the North Sea intangible drilling costs. United States Internal Revenue Service's interpretation of the term `minority interest' in the transition rule; Requirement for a US company to acquire a minority interest in a North Sea development license.


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