BIM14115 - Schedule D: Statute: Supplementary charging provisions
There are activities which produce income from the use of land
or which arises out of land. These activities may or may not be
trades within the normal meaning of that word for tax purposes. The
question is put beyond doubt by two specific sections of ICTA88 as
follows
ICTA88/S53
Farming and marketing gardening (see
BIM14120).
Occupation of land managed on commercial basis (see
BIM14125).
ICTA88/S55
Profits or gains arising out of land in the case of specified
concerns (see
BIM14130).
