Corporation Tax Act 2010 (c. 4)

Part 8 U.K. Oil activities

Chapter 2 U.K. Basic definitions

277 “Ring fence trade” U.K.

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

(a) are within the definition of “oil-related activities” in section 274, and

(b) constitute a separate trade (whether because of section 279 or otherwise).