Income excluded from a rental business

There are certain receipts which can arise out of the use of land and which are specifically excluded by statute from a rental business. These include:

yearly interest,

income from the occupation of woodlands managed on a commercial basis, for example when you cut and sell the timber; but income from letting such woodlands is included,

income from the types of concerns listed below (which are taxed as trading income):

mines and quarries (including gravel pits, sand pits and brick fields),

ironworks, gasworks, salt springs or works, alum mines or works and water works and streams of water,

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