Corporation Tax Act 2010 section 280

Disposal to be valued by reference to section 2(5A) of OTA 1975

Section 280 modifies the calculation of corporation tax profits where a company sells crude oil from a UK field at arm's length and the sale contract requires the seller to bear transportation costs.

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.