# Finance Act 2000, Paragraph 11


(1) A trade is a “non-financial trade" if—
(a) it is conducted on a commercial basis and with a view to the realisation of profits, and
(b) it does not consist wholly or as to a substantial part in the carrying on of financial activities.
(2) For this purpose “financial activities” includes—
(a) banking, or money-lending, carried on by a bank, building society or other person;
(b) debt-factoring, finance-leasing or hire-purchase financing;
(c) insurance;
(d) dealing in shares, securities, currency, debts or other assets of a financial nature; and
(e) dealing in commodity or financial futures or options.

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Source: https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/11 (the official version)
Page: https://openlegislation.uk/finance-act-2000/schedule-15/paragraph-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.