{
  "url": "https://openlegislation.uk/finance-act-2000/schedule-15/paragraph-11",
  "json_url": "https://openlegislation.uk/finance-act-2000/schedule-15/paragraph-11.json",
  "legislation": "ukpga/2000/17",
  "legislation_title": "Finance Act 2000",
  "legislation_url": "https://openlegislation.uk/finance-act-2000",
  "path": "schedule/15/paragraph/11",
  "kind": "paragraph",
  "number": "11",
  "heading": null,
  "text": "(1) A trade is a “non-financial trade\" if—\n(a) it is conducted on a commercial basis and with a view to the realisation of profits, and\n(b) it does not consist wholly or as to a substantial part in the carrying on of financial activities.\n(2) For this purpose “financial activities” includes—\n(a) banking, or money-lending, carried on by a bank, building society or other person;\n(b) debt-factoring, finance-leasing or hire-purchase financing;\n(c) insurance;\n(d) dealing in shares, securities, currency, debts or other assets of a financial nature; and\n(e) dealing in commodity or financial futures or options.",
  "extent": null,
  "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/15/paragraph/11",
    "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."
}