Paragraph 2 Qualifying trade, profession or vocation
United Kingdom
A trade, profession or vocation is a “qualifying trade, profession or vocation” if the taxpayer’s profits from it—
are derived wholly or mainly from qualifying creative works, and
are chargeable to tax under Case I or II of Schedule D.
In sub-paragraph (1) “qualifying creative works” means—
literary, dramatic, musical or artistic works, or
designs,
created by the taxpayer personally or, where the trade, profession or vocation is carried on by the taxpayer in partnership, by one or more of the partners personally.
Notes on Schedule 4A
Textual amendments
- F1
Sch. 4A repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by Income Tax (Trading and Other Income) Act 2005 (c. 5), Sch. 1 para. 342, Sch. 3 (with Sch. 2)
- F2
Sch. 4A inserted (11.5.2001) by Finance Act 2001 (c. 9), s. 71(2), Sch. 24 para. 1