Commentary

B5.659 Concerns where profits arise out of land—markets and fairs

Business tax
Business tax | Commentary

B5.659 Concerns where profits arise out of land—markets and fairs

Business tax | Commentary

B5.659 Concerns where profits arise out of land—markets and fairs

Where any rights of markets and fairs are exploited as a trading operation there is a concern, the profits of which are assessable on trading profits1.

A local authority which runs markets is exempt from tax2.

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