The legislation relating to the extension of UK rights to the territorial sea and the continental shelf was first introduced in 1973, and is now at CTA 2010, s. 1170 and TCGA 1992, s. 276. The territorial sea of the UK is deemed, for all purposes of income tax, corporation tax and the taxation of chargeable gains, to be part of the UK. Accordingly, all activities carried on within the 12-mile limit are treated in the same way as activities in the UK. This provision applies not only to the oil industry but to all economic activity within the charge to tax.

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