Chapter CA32205

Published date16 April 2016
Record NumberCA32205
CourtHM Revenue & Customs
IssuerHM Revenue & Customs
CAA01/S274

A qualifying trade is:

  • a trade of the type listed in table A, or
  • an undertaking carried on by way of trade listed in table B.
Table A (qualifying trades) Definition
Manufacturing or processing Manufacturing or processing is manufacturing goods or materials CA32210, or subjecting goods or materials to a process CA32213
Storage Storage is a trade consisting in storing goods or materials:
1. which are to be used in the manufacture of other goods or materials, or
                2. which are to be subjected to a process in the course of a trade
                3. which, having been manufactured or produced or subjected to a process in the course of a trade, have not yet been delivered to any purchaser, or
                4. on their arrival in the UK from a place outside the UK [CA32224](https://www.gov.uk/hmrc-internal-manuals/capital-allowances-manual/ca32224). | | Agricultural contracting | Agricultural contracting [## CAA01/S274
                

A qualifying trade is:

  • a trade of the type listed in table A, or
  • an undertaking carried on by way of trade listed in table B.

](https://www.gov.uk/hmrc-internal-manuals/capital-allowances-manual/ca32225) is a trade consisting in:

1. ploughing or cultivating land occupied by another person, or
                2. carrying out any other agricultural operation on land occupied by another person, or
                3. threshing the crops of another person. | | Foreign plantation | A foreign plantation is a trade consisting in working land outside the UK for the purposes of husbandry, forestry or the growing or harvesting of crops [CA32226](https://www.gov.uk/hmrc-internal-manuals/capital-allowances-manual/ca32226). | | Fishing | Fishing is a trade consisting in catching or taking fish or shellfish [CA32227](https://www.gov.uk/hmrc-internal-manuals/capital-allowances-manual/ca32227). | | Mineral extraction | Mineral extraction is a trade consisting in working a source of mineral deposits [CA32228](https://www.gov.uk/hmrc-internal-manuals/capital-allowances-manual/ca32228). |
                

Table B (undertakings which are qualifying trades) Definition
Electricity undertaking An electricity undertaking is an undertaking for the generation, transformation, conversion, transmission or distribution of electrical energy.
Water
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