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 60TC116 and Lord Advocate v McKenna 61TC688).
It covers the following:
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BIM22001Furnished lettings
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BIM22005Illegal activities - introduction
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BIM22007Illegal activities - the trading test
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BIM22008Illegal activities - no moral test
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BIM22010Illegal activities - what is a trade?
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BIM22015Betting and gambling - introduction
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BIM22016Betting and gambling - what is a bet?
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BIM22017Betting and gambling - the professional gambler
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BIM22018Betting and gambling - organised activity
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BIM22019Betting and gambling - element of existing trade
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BIM22020Betting and gambling - spread betting
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BIM22025Insurance receipts
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BIM22030Activities not connected with an existing trade
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BIM22035Miscellaneous income
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BIM22040Co-workers of the Camphill Association