Section 189 Meaning of “qualifying trade”
(1)
For the purposes of this Part, a trade is a qualifying trade if—
(a)
it is conducted on a commercial basis and with a view to the realisation of profits, and
(b)
it does not at any time in period B consist wholly or as to a substantial part in the carrying on of excluded activities.
(2)
References in this section and sections 192 to 198 to a trade are to be read without regard to the definition of “trade” in section 989.