»Ê¹ÚÌåÓýapp

CTA10\S286

»Ê¹ÚÌåÓýapp aim of CTA10\S286 is to allow a deduction for interest against ring fence profits only if the money borrowed is used to meet expenditure incurred in carrying on oil extraction activities or in acquiring oil rights other than from a connected person, or is appropriated to meet such expenditure. »Ê¹ÚÌåÓýappse restrictions apply whether the borrowing is from an associate or not. »Ê¹ÚÌåÓýapp section is applicable only to a company with ring fence profits.