F1PART 2ASTRUCTURES AND BUILDINGS ALLOWANCES
CHAPTER 3QUALIFYING USE AND QUALIFYING ACTIVITIES
Qualifying activities
270CAQualifying activities
Each of the following is a qualifying activity for the purposes of this Part—
(a)
a trade,
(b)
F2a UK property business,
(c)
an F3... overseas property business,
(d)
a profession or vocation,
(e)
the carrying on of a concern listed in section 12(4) of ITTOIA 2005 or section 39(4) of CTA 2009 (mines, quarries and other concerns), and
(f)
managing the investments of a company with investment business,
but only to the extent that the profits or gains from the activity are, or (if there were any) would be, chargeable to tax.