{
  "url": "https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003/schedule-5/paragraph-16",
  "json_url": "https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003/schedule-5/paragraph-16.json",
  "legislation": "ukpga/2003/1",
  "legislation_title": "Income Tax (Earnings and Pensions) Act 2003",
  "legislation_url": "https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003",
  "path": "schedule/5/paragraph/16",
  "kind": "paragraph",
  "number": "16",
  "heading": null,
  "text": "The following are excluded activities—\n(a) dealing in land, in commodities or futures or in shares, securities or other financial instruments;\n(b) dealing in goods otherwise than in the course of an ordinary trade of wholesale or retail distribution (see also paragraph 17);\n(c) banking, insurance, money-lending, debt-factoring, hire-purchase financing or other financial activities;\n(d) leasing, including letting ships on charter or other assets on hire (see also paragraph 18);\n(e) receiving royalties or licence fees (see also paragraph 19);\n(f) providing legal or accountancy services;\n(g) property development (see also paragraph 20);\n(h) farming or market gardening;\n(i) holding, managing or occupying woodlands, any other forestry activities or timber production;\n(ia) shipbuilding (see also paragraph 20A);\n(ib) producing coal (see also paragraph 20B);\n(ic) producing steel (see also paragraph 20C);\n(j) operating or managing hotels or comparable establishments, or managing property used as a hotel or comparable establishment (see also paragraph 21);\n(k) operating or managing nursing homes or residential care homes, or managing property used as a nursing home or residential care home (see also paragraph 22);\n(l) any activities which are excluded activities under paragraph 23.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Sch. 5 para. 16(ia)-(ic) inserted (with effect in accordance with s. 33(6) of the amending Act) by Finance Act 2008 (c. 9), s. 33(4)"
    }
  ],
  "outstanding_effects": [
    {
      "type": "words substituted",
      "affecting": "ukpga/2025/36",
      "affecting_title": "Employment Rights Act 2025"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2003/1/schedule/5/paragraph/16",
    "retrieved_at": "2026-10-29T09:18:42.395488+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."
}