BIM21000 - Meaning of trade: scope of trade: contents

Having established that a trade, or a venture in the nature of trade, exists, the next question to consider is the scope of that trade. »Ê¹ÚÌåÓýapp scope of a particular trade is fundamental when questions arise concerning whether particular receipts are income of the trade, whether expenditure is incurred wholly and exclusively for the purposes of the trade, or whether expenditure is capital or revenue for tax purposes.

»Ê¹ÚÌåÓýapp guidance on scope of trade is arranged as follows:

  1. BIM21001
    Introduction
  2. BIM21005
    Approach
  3. BIM21008
    Activities included
  4. BIM21010
    Relevant case law
  5. BIM21015
    Collins v »Ê¹ÚÌåÓýapp Firth-Brearley Stainless Steel Syndicate Ltd 9TC520
  6. BIM21020
    »Ê¹ÚÌåÓýapp Rees Roturbo Development Syndicate Ltd v Ducker 13TC367
  7. BIM21025
    »Ê¹ÚÌåÓýapp Gloucester Railway Carriage and Wagon Co Ltd v CIR 12TC720
  8. BIM21030
    J Bolson & Son Ltd v Farrelly 34TC161
  9. BIM21035
    »Ê¹ÚÌåÓýapp Alianza Company Ltd v Bell 5TC60 and 172
  10. BIM21040
    Golden Horse Shoe (New) Ltd v Thurgood 18TC280