Part 4

Property income
Chapter 2

Property businesses

Generating income from land

Activities not for generating income from land
208
For the purposes of this Chapter the following activities are not carried on for generating income from land—
a
farming or market gardening in the United Kingdom (but see section 36 (UK farming or market gardening treated as trade)),
b
any other occupation of land (but see section 38 (certain commercial occupation of UK land treated as trade)), and
c
activities for the purposes of a concern to which section 39 applies (profits of mines, quarries etc).
S. 208 modified (with effect in accordance with s. 148 of the amending Act) by Finance Act 2012 (c. 14), s. 86(1) (with s. 147, Sch. 17)