BIM22000 - Trade: exceptions & alternatives: contents

This section deals with some activities which are at the fringes of trading income. If you need to make assessments you should consider whether alternative assessments are needed in order to protect the HMRC position. This procedure, which has been approved by the courts, is not considered to involve double taxation (see Bye v Coren 60TC116 and Lord Advocate v McKenna 61TC688).

It covers the following:

BIM22001Furnished lettings
BIM22005Illegal activities: introduction
BIM22007Illegal activities: the trading test
BIM22008Illegal activities: no moral test
BIM22010Illegal activities: what is a trade?
BIM22015Betting and gambling: introduction
BIM22016Betting and gambling: what is a bet?
BIM22017Betting and gambling: the professional gambler
BIM22018Betting and gambling: organised activity
BIM22019Betting and gambling: element of existing trade
BIM22020Betting and gambling: spread betting
BIM22025Insurance receipts
BIM22030Activities not connected with an existing trade
BIM22035Miscellaneous income
BIM22040Co-workers of the Camphill Association

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