C1Part 2 Plant and machinery allowances
Annotations:
Modifications etc. (not altering text)
Chapter 13 Provisions affecting mining and oil industries
Provisions relating to ring fence trades
162 Ring fence trade a separate qualifying activity
1
If a person carries on a ring fence trade, it is a separate qualifying activity for the purposes of this Part.
2
In this Chapter “ring fence trade” means activities which—
a
fall within any of paragraphs (a) to (c) of section 492(1) of ICTA (oil extraction activities, the acquisition, enjoyment or exploitation of oil rights, etc.), and
b
constitute a separate trade (whether as a result of section 492(1) of ICTA or otherwise).
Pt. 2 (ss. 11-270) modified (prosp.) by Proceeds of Crime Act 2002 (c. 29), ss. 448, 458(1), Sch. 10 para. 12 (with para. 17(1))