Part 2Trading income
F1Chapter 16AOil activities
Annotations:
Amendments (Textual)
Basic definitions
225CMeaning of “ring fence income”
In this Chapter “ring fence income” means income arising from oil extraction activities or oil rights.
In this Chapter “ring fence income” means income arising from oil extraction activities or oil rights.
Pt. 2 Ch. 16A inserted (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 1 para. 2 (with Sch. 9 paras. 1-9, 22)