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Legislation
Corporation Tax Act 2010

Crossheading Excluded trades

  • Section 357XA Oil activities
  • Section 357XB Lending and investment
  • Section 357XC Investment management
  • Section 357XD Insurance: long-term business
  • Section 357XE Re-insurance trade
  1. Excluded trades
  2. Oil activities

Section 357XA | Oil activities

From legislation.gov.uk

(1)A trade is an “excluded trade” if it is a ring fence trade.

(2)In this section “ring fence trade” has the same meaning as in Part 8 (oil activities) (see section 277).

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