BIM24780 - Mutual associations: specific activities: Hunt point-to-point meetings: dealings with Hunt members

Where point-to-point amounts to a trade, trading income from members is not taxable

Where the point-to-point is conducted in such away as to amount to a trade, and provided that the conditions in BIM24020 are satisfied, any trading income that arises from dealings with Hunt members is not taxable on the grounds of mutual trading.