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:

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