BIM22000 - Meaning of trade: exceptions and alternatives: contents

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:

  1. BIM22001
    Furnished lettings
  2. BIM22005
    Illegal activities - introduction
  3. BIM22007
    Illegal activities - the trading test
  4. BIM22008
    Illegal activities - no moral test
  5. BIM22010
    Illegal activities - what is a trade?
  6. BIM22015
    Betting and gambling - introduction
  7. BIM22016
    Betting and gambling - what is a bet?
  8. BIM22017
    Betting and gambling - the professional gambler
  9. BIM22018
    Betting and gambling - organised activity
  10. BIM22019
    Betting and gambling - element of existing trade
  11. BIM22020
    Betting and gambling - spread betting
  12. BIM22025
    Insurance receipts
  13. BIM22030
    Activities not connected with an existing trade
  14. BIM22035
    Miscellaneous income
  15. BIM22040
    Co-workers of the Camphill Association