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Legislation
Corporation Tax Act 2010

Chapter 2 Basic definitions

  • Section 271 “Associated companies”
  • Section 272 “Oil extraction activities”
  • Section 273 “Oil rights”
  • Section 274 “Oil-related activities”
  • Section 275 “Ring fence income”
  • Section 276 “Ring fence profits”
  • Section 277 “Ring fence trade”
  • Section 278 Other definitions
  1. Chapter 2 · Basic definitions
  2. “Ring fence profits”

Section 276 | “Ring fence profits”

From legislation.gov.uk

In this Part “ring fence profits”, in relation to an accounting period, means—

(a)if in accordance with section 197(3) of TCGA 1992 a company has an aggregate gain for that period, that gain and that company's ring fence income (if any) for that period, or

(b)otherwise, that company's ring fence income for that period.

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