Commentary on Sections Overview Overview Section 303: Meaning of “excluded activities”
906.This section gives the meaning of “excluded activities”. It is based on paragraph 4(2) of Schedule 28B to ICTA.
907.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.
908.Subsection (2) indicates where further detail can be found on certain of the activities listed in subsection (1).