Section 51J | Qualifying activity: meaning of “related” ^F1

(1)A qualifying activity (“A1”) is related to another qualifying activity (“A2”) in a tax year if one or both of—^F1

(a)the shared premises condition, and^F1

(b)the similar activities condition,^F1

are met in relation to the activities in the tax year.

(2)Where A1 is related to A2 in a tax year, A1 is also related to any other qualifying activity to which A2 is related in that tax year.^F1

(3)The shared premises condition is met in relation to two qualifying activities in a tax year if, at the end of the relevant chargeable period for one or both of the activities, the activities are carried on from the same premises.^F1

(4)The similar activities condition is met in relation to two qualifying activities in a tax year if, at the end of the relevant chargeable period for one or both of the activities, the activities are within the same NACE classification.^F1

(5)In this section—^F1

“NACE classification” has the same meaning as in section 51G, and

“relevant chargeable period”, in relation to a qualifying activity and a tax year, means the chargeable period for that activity ending in that tax year.