Non-residents working on the UK continental shelf: computation of profits: exclusions from computation of profits
The following items are not brought into the computation of profits within CTA2009\S1313 and ITTOIA2005\S874:
- profits from any activities carried on abroad
- profits from activities carried on in the UK (including the territorial waters or on the UK Continental Shelf) which are not ‘exploration or exploitation activities’
- profits/income from property or rights other than ‘exploration or exploitation rights’.