Overview

badges of trade


Related Overviews

 

'badges of trade' can also refer to...

 

More Like This

Show all results sharing this subject:

  • Financial Institutions and Services

GO

Show Summary Details

Quick Reference

The criteria that distinguish trading from investment for taxation purposes. They were set out by the Royal Commission on the Taxation of Profits and Income in 1954. Dealing on the commodity markets is normally regarded as trading and profits are subject to income tax or corporation tax; dealing on security markets is often (but not always) treated as investment and profits are subject to capital gains tax. The manner in which a capital gain is calculated frequently, but not invariably, gives a lower tax charge.

Subjects: Financial Institutions and Services.


Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.