[225M Tariff receipts etc]
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

[Tariff receipts etc]

[225M  Tariff receipts etc]

[(1)     Subsection (5) applies to a sum which meets conditions A, B and C.

(2)     Condition A is that the sum constitutes a tariff receipt or tax-exempt tariffing receipt of a person who is a participator in an oil field.

(3)     Condition B is that the sum constitutes consideration in the nature of income rather than capital.

(4)     Condition C is that the sum would not, but for subsection (5), be treated as mentioned

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