Paragraph 27 F1
In this Schedule “trade” means anything that—
(a)
is a trade, profession or vocation, within the meaning of the Income Tax Acts, and
(b)
is conducted on a commercial basis with a view to the realisation of profits.
Annotations
Textual amendments
- F1
Sch. 7AC inserted (with effect in accordance with s. 44(3)(4) of the amending Act) by Finance Act 2002 (c. 23), Sch. 8 para. 1