CG53113A - Substantial shareholdings exemption: the trading company/group/subgroup requirements - trade
TCGA92/SCH7AC/PARA20 & TCGA92/SCH7AC/PARA21 & TCGA92/SCH7AC/PARA22
For the purposes of the Substantial Shareholding Exemption a trade includes anything that is a trade, profession or vocation within the meaning of the Income Tax Acts and is conducted on a commercial basis with a view to the realisation of profits (Paragraph 27 of Schedule 7AC TCGA 1992). This includes activities, such as farming, that are treated as trades for the purposes of the Income Tax Acts trade by CTA09/S36 and CTA10/S1125.
Furnished Holiday Lettings ceased to be treated as trade from 1 April 2025 - see CG53007.