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Legislation
Income Tax (Trading and Other Income) Act 2005

Crossheading Basic definitions

  • Section 225A Meaning of “oil extraction activities”
  • Section 225B Meaning of “oil rights”
  • Section 225C Meaning of “ring fence income”
  • Section 225D Meaning of “ring fence trade”
  • Section 225E Other definitions
  1. Basic definitions
  2. Meaning of “ring fence trade”

Section 225D | Meaning of “ring fence trade”

From legislation.gov.uk

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).

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