303 Meaning of “excluded activities”
Income Tax Act 2007 (2007 c 3) | Legislation

Excluded activities

303  Meaning of “excluded activities”

(1)     The following are excluded activities for the purposes of sections 290 and 300—

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

(b)     dealing in goods otherwise than in the course of an ordinary trade of wholesale or retail distribution,

(c)     banking, insurance, money-lending, debt-factoring, hire-purchase financing

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