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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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.