282 Buildings outside the United KingdomU.K.
This section has no associated Explanatory Notes
A building outside the United Kingdom which is in use for the purposes of a trade is not an industrial building at any time when the profits of the trade are not assessable in accordance with the rules [F1that apply in calculating trade profits for income tax purposes or that apply to Case I of Schedule D for corporation tax purposes].
Textual Amendments
F1 Words in s. 282 substituted (6.4.2005) by Income Tax (Trading and Other Income) Act 2005 (c. 5) , s. 883(1) , Sch. 1 para. 552 (with Sch. 2 )