BIM24630 - Mutual trading: distributions: ICTA88/S491: what are capital assets?

For the purposes of ICTA88/S491, capital assets (ICTA88/S491 (8)) consist of:

1. Assets representing any loan or subscribed share capital to include any income derived from any part of the that capital which is invested. It does not include any profits derived from the use of the at capital in the mutual trade of the corporate body.;
2. assets representing profits from any part of the trade of the body corporate (not including the mutual business) which have been charged to tax:
3. assets representing taxed income from any investments, not included in (a) or (b) above.