# Income Tax (Trading and Other Income) Act 2005, Section 225D: Meaning of “ring fence trade”


In this Chapter “ring fence trade” means activities which—
(a) are within the definition of “oil-related activities” in section 16(2) (oil extraction and related activities), and
(b) constitute a separate trade (whether because of section 16(1) or otherwise).

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Source: https://www.legislation.gov.uk/ukpga/2005/5/section/225D (the official version)
Page: https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-225D
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.