The exclusion does not apply to the carrying on of an ordinary trade of wholesale or retail distribution. There are therefore two questions to be answered in determining whether the activities are outside the exclusion: is there a trade of wholesale or retail distribution and, if so, is it an ‘ordinary’ trade?

A trade of wholesale distribution is one where goods are offered and sold to persons for onward sale to the general public either in their current state or after processing (ITA 2007, s. 193(3)). On the other hand, a trade of retail distribution is one where the goods are offered and sold directly to the general public for their use or consumption.

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.