Section 51J — Finance Act 2008: Qualifying activity: meaning of “related”

Qualifying activity: meaning of “related” 51J 1 A qualifying activity (“A1”) is related to another qualifying activity (“A2”) in a tax year if one or both of—

a the shared premises condition, and b the similar activities condition, are met in relation to the activities in the tax year.

2 Where A1 is related to A2 in a tax year, A1 is also related to any other qualifying activity to which A2 is related in that tax year.

3 The shared premises condition is met in relation to two qualifying activities in a tax year if, at the end of the relevant chargeable period for one or both of the activities, the activities are carried on from the same premises.

4 The similar activities condition is met in relation to two qualifying activities in a tax year if, at the end of the relevant chargeable period for one or both of the activities, the activities are within the same NACE classification.

5 In this section— “ NACE classification ” has the same meaning as in section 51G, and “ relevant chargeable period ”, in relation to a qualifying activity and a tax year, means the chargeable period for that activity ending in that tax year.