– see also Trade or business

Absence of profit motive

Accounting treatment

Appropriation to or from trading stock

Assets acquired as an investment

Case law

Case law and HMRC guidance

Case study

Change of intention

Commercial purpose

Concept of

Enhancing an asset

Expertise or experience


HMRC's view


Income (whether asset produces)

Investment/trading stock

Length of ownership period

Loan finance

Manner and circumstances of sale

Method of acquisition

Motive for acquiring property

Motive for selling property

Mutual trading

Nature of asset

Number of transactions

Ownership period

Period of ownership

Preparing to trade, distinction between trading

Profit-seeking motive

Related interest or expertise

Source of finance

Trade principles

Trading stock/investment

Work done to property