Part 2U.K.Trading income

[F1Chapter 16AU.K.Oil activities

Textual Amendments

F1Pt. 2 Ch. 16A inserted (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 1 para. 2 (with Sch. 9 paras. 1-9, 22)

Basic definitionsU.K.

225BMeaning of “oil rights”U.K.

In this Chapter “oil rights” means—

(a)rights to oil to be extracted at any place in the United Kingdom or a designated area, or

(b)rights to interests in or to the benefit of such oil.]