[257MQ Meaning of “excluded activity”]
Income Tax Act 2007 (2007 c 3) | Legislation

[257MQ  Meaning of “excluded activity”]

[(1)     The following are excluded activities for the purposes of sections 257JD, 257MJ and 257MP—

(a)     dealing in land, in commodities or futures or in shares, securities or other financial instruments,

(b)     banking, insurance, money-lending, debt-factoring, hire-purchase financing or other financial activities . . .,

[(ba)     leasing (including letting ships on charter or other assets on hire),

(bb)     receiving royalties or licence fees,

(bc)     operating or managing nursing homes or residential care homes or

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Specific performance of property agreements

If a party to a property agreement fails to comply with its obligations, the other party may wish to apply for an order for specific performance. Specific performance is an equitable, discretionary remedy which, if granted, compels a party to perform a contractual obligation. This Practice Note

LEXISNEXIS

Financial Conduct Authority—Principles for Businesses (PRIN)

Financial Conduct Authority—Principles for Businesses (PRIN)This Practice Note explains the Principles for Businesses (PRIN) set down by the Financial Conduct Authority (FCA). The Principles form part of the FCA’s High Level Standards set out in the FCA’s Handbook. The Principles are a general

LEXISNEXIS

CPR Part 8 claims (alternative procedure for claims)

CPR Part 8 claims (alternative procedure for claims)This Practice Note provides guidance on the interpretation and application of the relevant provisions of the CPR. Depending on the court in which your matter is proceeding, you may also need to be mindful of additional provisions—see further

LEXISNEXIS

Indirect effect of EU law

Indirect effect of EU lawWhat is indirect effect of EU law?The doctrine of indirect effect, or consistent interpretation, is a duty that national courts have, as part of the Member State responsible for fulfilment of EU obligations, to interpret national law in light of EU law, especially with