Modifications etc. (not altering text)
C1Pt. 2 (ss. 11-270) modified (prosp.) by Proceeds of Crime Act 2002 (c. 29), ss. 448, 458(1), Sch. 10 para. 12 (with para. 17(1))
(1)If a person carries on a ring fence trade, it is a separate qualifying activity for the purposes of this Part.
(2)In this Chapter “ring fence trade” means activities which—
(a)fall within any of paragraphs (a) to (c) of section 492(1) of ICTA (oil extraction activities, the acquisition, enjoyment or exploitation of oil rights, etc.), and
(b)constitute a separate trade (whether as a result of section 492(1) of ICTA or otherwise).