Corporation Tax Act 2010 section 329C

Onshore and offshore oil-related activities

Section 329C distinguished between onshore and offshore oil-related activities for the purposes of the oil contractors ring fence tax rules, but was repealed with effect for accounting periods ending on or after 5 December 2013.

• Section 329C formed part of Chapter 5A (sections 329A–329T), which dealt with ring fence rules for oil contractor activities
• The section provided definitions and distinctions between onshore oil-related activities and offshore oil-related activities
• The entire chapter, including this section, was repealed by Finance Act 2015, Schedule 11, paragraph 13
• The repeal took effect for accounting periods ending on or after 5 December 2013, meaning the rules no longer apply from that date

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