Access full legislation.And much more.
By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.
- AI tax research with linked legislation and Finance Act changes
- Commentary, official guidance, publications and training material
- Case law, appeals and tribunal decisions in one place
Taxes Consolidation Act 1997 section 685
Separation of trading activities
Section 685 requires petroleum activities and qualifying mining activities carried on as part of a wider trade to be treated as separate trades for tax purposes, with receipts and expenses apportioned accordingly.
Access full legislation.And much more.
By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.