# Taxation of Chargeable Gains Act 1992, Paragraph 27


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.

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Source: https://www.legislation.gov.uk/ukpga/1992/12/schedule/7AC/paragraph/27 (the official version)
Page: https://openlegislation.uk/taxation-of-chargeable-gains-act-1992/schedule-7AC/paragraph-27
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.