Repetition tends to indicate trading

According to the Royal Commission on the Taxation of Profits and Income (see ¶200-600):

‘If realisations of the same sort of property occur in succession over a period of years or there are several such realisations at about the same date a presumption arises that there has been dealing in respect of each.’

Want to read more?

This content requires a Croner-i Tax and Accounting subscription.

No subscription?

Contact us to discuss your requirements.