Part 2 U.K. Trading income

[F1 Chapter 16A U.K. Oil activities

Textual Amendments

F1 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)

Basic definitions U.K.

225D Meaning of “ring fence trade” U.K.

In this Chapter “ring fence trade” means activities which—

(a) are within the definition of “oil-related activities” in section 16(2) (oil extraction and related activities), and

(b) constitute a separate trade (whether because of section 16(1) or otherwise).]