867 Business entertainment and gifts: non-trades and non-property businesses
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

Business entertainment and gifts

867  Business entertainment and gifts: non-trades and non-property businesses

(1)     This section applies for the purpose of calculating profits or other income charged to income tax which arise from the carrying on of a business.

(2)     For this purpose “business” does not include—

(a)     a trade, profession or vocation, or

(b)     a property business,

but see subsection (7).

(3)     The general rule is that no

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