Commentary on Sections Overview Overview Section 192: Meaning of “excluded activities”
637.This section gives the meaning of “excluded activities”. It is based on section 297(2) of ICTA.
638.The meaning of excluded activities is needed to determine whether a trade is a qualifying trade and the extent to which the business of a group includes non-qualifying activities.
639.Subsection (2) indicates where further detail can be found on certain of the activities listed in subsection (1).