ANNEX 1:: MINOR CHANGES IN THE LAW MADE BY THE BILL This change is adverse to some taxpayers in principle. But it is expected to have no practical effect as it is in line with current practice.
Change 46: EIS and share loss relief: excluded activities: the meaning of trade in relation to the provision of services or facilities for another business: section 199 and Schedule 2Part 6 (excluded activities: provision of services or facilities for another business)
This change simplifies the application of the definition of “trade” in section 298(3) of ICTA.