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
Income Tax (Trading and Other Income) Act 2005 section 225V
Receipts arising from decommissioning
Section 225V deals with the income tax treatment of amounts received by a person carrying on a ring fence trade who steps in to cover another party's defaulted decommissioning obligations, where the total recoveries and reliefs exceed the contribution made.
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.