Trade in Context of Income Tax
Trade, particularly in the context of income tax, refers to activities or transactions that could be subject to income tax charges as opposed to capital gains tax. Determining whether an activity is classified as a 'trade' involves evaluating various factors or 'badges of trade'.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.