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BIM22000 | Meaning of trade: exceptions and alternatives: contents

From HM Revenue & Customs · Business Income Manual

This section deals with some activities which are at the fringes of trading income. If you need to make assessments you should consider whether alternative assessments are needed in order to protect the HMRC position. This procedure, which has been approved by the courts, is not considered to involve double taxation (see Bye v Coren 60 TC 116 and Lord Advocate v McKenna 61 TC 688).

It covers the following:

Contents15 entries

  1. BIM22001Meaning of trade: exceptions and alternatives: furnished lettings
  2. BIM22005Meaning of trade: exceptions and alternatives: illegal activities - introduction
  3. BIM22007Meaning of trade: exceptions and alternatives: illegal activities - the trading test
  4. BIM22008Meaning of trade: exceptions and alternatives: illegal activities - no moral test
  5. BIM22010Meaning of trade: exceptions and alternatives: illegal activities - what is a trade?
  6. BIM22015Meaning of trade: exceptions and alternatives: betting and gambling - introduction
  7. BIM22016Meaning of trade: exceptions and alternatives: betting and gambling - what is a bet?
  8. BIM22017Meaning of trade: exceptions and alternatives: betting and gambling - the professional gambler
  9. BIM22018Meaning of trade: exceptions and alternatives: betting and gambling - organised activity
  10. BIM22019Meaning of trade: exceptions and alternatives: betting and gambling - element of existing trade
  11. BIM22020Meaning of trade: exceptions and alternatives: betting and gambling - spread betting
  12. BIM22025Meaning of trade: exceptions and alternatives: insurance receipts
  13. BIM22030Meaning of trade: exceptions and alternatives: activities not connected with an existing trade
  14. BIM22035Meaning of trade: exceptions and alternatives: miscellaneous income
  15. BIM22040Meaning of trade: exceptions and alternatives: co-workers of the Camphill Association