Commentary

B1.420 Trades tainted with illegality

Business tax
Business tax | Commentary

B1.420 Trades tainted with illegality

Business tax | Commentary

Illegality

B1.420 Trades tainted with illegality

The statutory definition of 'trade' was rewritten by ITA 2007 (see B1.401), and although it was streamlined, it was considered to have exactly the same meaning as under ICTA 1988, s 832. It was also believed to be close enough to the original case law to ensure that the effect is preserved1. The following explains the case law applying to the former definition which should still apply.

The Taxes Acts are not restricted in their application to lawful businesses only. Once it is found that the transaction in question is a trade, manufacture, venture

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