PART V MISCELLANEOUS RELIEFS
C1CHAPTER I BUSINESS PROPERTY
Annotations:
Modifications etc. (not altering text)
103
1
In this Chapter references to a transfer of value include references to an occasion on which tax is chargeable under Chapter III of Part III of this Act (apart from section 79), and
a
references to the value transferred by a transfer of value include references to the amount on which tax is then chargeable, and
b
references to the transferor include references to the trustees of the settlement concerned.
2
3
In this Chapter “business” includes a business carried on in the exercise of a profession or vocation, but does not include a business carried on otherwise than for gain.
Pt. V Ch. I (ss. 103-114) modified (16.7.1992) by Finance (No.2) Act 1992 (c. 48), s. 73, Sch. 14, para. 9(4).