what is a trading company for ER

what is a trading company for ER

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I am aware that there is some non statutory guidance about what is a trading company for ER.  Is this a RI or an ESC?  I am trying to find it in the legislation without sucess.

Can anyone tell me where to find in the leg the definition of what is and what is not a trading company (apart from s169 which seems to simply say "trading activities.

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Teignmouth
By Paul Scholes
23rd May 2011 23:50

Based on old legislation

Hi - the definitions revolve around those used in gifts of business assets (and the old taper relief) and so you will tend to end up in TCGA 1992 S165.

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