# Capital Allowances Act 2001, Section 162: Ring fence trade a separate qualifying activity

Extent: E+W+S+N.I.

(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 the definition of “oil-related activities” in section 16(2) of ITTOIA 2005 or section 274 of CTA 2010, and
(b) constitute a separate trade (whether as a result of section 16(1) of ITTOIA 2005 or section 16(1) of ITTOIA 2005 or section 279 of CTA 2010 or otherwise).

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Source: https://www.legislation.gov.uk/ukpga/2001/2/section/162 (the official version)
Page: https://openlegislation.uk/capital-allowances-act-2001/section-162
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.