[74C Meaning of “non-active capacity” for purposes of [section 74A] etc]
Income Tax Act 2007 (2007 c 3) | Legislation

[74C  Meaning of “non-active capacity” for purposes of [section 74A] etc]

[(1)     For the purposes of [section 74A] an individual carries on a trade in a non-active capacity during a tax year if the individual—

(a)     carries on the trade at a time during the year, and

(b)     does not devote a significant amount of time to the trade in the relevant period for the tax year.

(2)     For the purposes

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