{
  "url": "https://openlegislation.uk/finance-act-2000/schedule-14/paragraph-18",
  "json_url": "https://openlegislation.uk/finance-act-2000/schedule-14/paragraph-18.json",
  "legislation": "ukpga/2000/17",
  "legislation_title": "Finance Act 2000",
  "legislation_url": "https://openlegislation.uk/finance-act-2000",
  "path": "schedule/14/paragraph/18",
  "kind": "paragraph",
  "number": "18",
  "heading": null,
  "text": "(1) A trade is a qualifying trade if—\n(a) it is carried on wholly or mainly in the United Kingdom,\n(b) it is conducted on a commercial basis and with a view to the realisation of profits, and\n(c) it does not consist wholly or as to a substantial part in the carrying on of excluded activities.\n(2) The carrying on of activities of research and development from which it is intended that a connected qualifying trade will be derived or benefit is treated as the carrying on of a qualifying trade.\nBut preparing to carry on such activities does not count as preparing to carry on a qualifying trade.\n(3) For the purposes of sub-paragraph (2) a “connected qualifying trade” means a qualifying trade carried on—\n(a) by the company carrying on the activities of research and development, or\n(b) if that company is a member of a group, by any other group company.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [
    {
      "type": "inserted",
      "affecting": "asp/2001/8",
      "affecting_title": "Regulation of Care (Scotland) Act 2001"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2000/17/schedule/14/paragraph/18",
    "retrieved_at": "2026-10-29T09:21:00.128981+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}