Persons Carrying on a Trade

Application to Partnerships

Groups of Companies

Miscellaneous Extensions

Non-residents

Persons Carrying on a Trade

TCGA92/S152 confines entitlement to relief to persons (most frequently individuals and companies) carrying on a trade. The word trade is to be given the same meaning as it has for Income Tax purposes, see BIM20000+. Trade therefore includes activities such as farming and the commercial letting of furnished holiday accommodation.

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