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Contents

Official guidance
Business Income Manual

BIM14000 · Taxation of trading income

  • BIM14005 · Trading income: overview
  • BIM14010 · Trading income: trades, professions and vocations
  • BIM14015 · Trading income: interpretation - ‘trade’ or ‘business’
  • BIM14020 · Trading income: priority rules
  • BIM15010 · Trade profits: scope
  • BIM15015 · Trade profits: who is chargeable?
  • BIM15020 · Trade profits: general principles
  • BIM15025 · Trade profits: capital or revenue?
  • BIM15030 · Trade profits: relationship to capital gains tax
  • BIM15035 · Trade profits: receipts not chargeable - source doctrine
  • BIM15040 · Trade profits: what is chargeable?
  • BIM15045 · Trade profits: statute - overview
  • BIM15050 · Trade profits: statute - main charging provisions
  • BIM15055 · Trade profits: statute - supplementary charging provisions
  • BIM15060 · Trade profits: Statute - supplementary charging provisions - farming
  • BIM15065 · Trade profits: statute - supplementary charging provisions - occupation of land
  • BIM15070 · Trade profits: statute - supplementary charging provisions - mines, quarries and other concerns
  1. Taxation of trading income: contents
  2. Trading income: interpretation - ‘trade’ or ‘business’

BIM14015 | Trading income: interpretation - ‘trade’ or ‘business’

From HM Revenue & Customs · Business Income Manual

Where the word ‘trade’ or the word ‘business’ is used in this manual it should be read, for Income Tax purposes, as covering professions and vocations except in BIM20055 onwards and elsewhere where the context requires.

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