# Taxes Management Act 1970, Paragraph 1

Extent: E+W+S+N.I.

(1) For the purposes of this Schedule a person is a “relevant person” if the person is carrying on or has carried on a relevant activity.
(2) A “relevant activity”, in relation to a person, means any activity which may give rise to profits or other income for which the person would be liable to income tax chargeable under Part 2 or Part 3 of ITTOIA 2005 if the person were UK resident.
(3) But the following activities are not relevant activities—
(a) any activity carried on in partnership;
(b) any activity carried on by the trustees of a charitable trust or the trustees of an exempt unauthorised unit trust (within the meaning of the Unauthorised Unit Trusts (Tax) Regulations 2013 (S.I. 2013/2819));
(c) the underwriting business of a member of Lloyd's (within the meaning of section 184 of the Finance Act 1993);
(d) holding shares in respect of which a distribution may be made which is chargeable to income tax under Part 3 of ITTOIA 2005 by virtue of section 548(6) of CTA 2010 (distributions to shareholders in real estate investment trusts);
(e) participating in an open-ended investment company which may make distributions chargeable to income tax under Part 3 of ITTOIA 2005 by virtue of regulation 69Z18 of the Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964) (property income distributions).

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Source: https://www.legislation.gov.uk/ukpga/1970/9/schedule/A1/paragraph/1 (the official version)
Page: https://openlegislation.uk/taxes-management-act-1970/schedule-A1/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.