Capital Allowances Act 2001 section 274

Trades and undertakings which are "qualifying trades"

Section 274 defines what counts as a "qualifying trade" for the purposes of industrial buildings allowances, setting out two tables of eligible activities.

• A qualifying trade is either a trade listed in Table A (such as manufacturing, processing, storage, agricultural contracting, working foreign plantations, fishing or mineral extraction) or an undertaking listed in Table B (such as electricity, water, sewerage, transport, highways, tunnels, bridges, inland navigation or docks) provided it is carried on as a trade.
• Table A covers seven categories of trade including manufacturing goods, subjecting goods to a process (which includes maintenance and repair), storing goods at various stages of production or on arrival in the UK, agricultural contracting on another's land, working overseas plantations, fishing, and mineral extraction (including geothermal energy).
• Table B covers ten categories of undertaking including electricity generation and distribution, public water supply, hydraulic power, sewerage services, transport, highway concession undertakings, tunnels, bridges, inland navigation, and dock undertakings (where "dock" includes harbours, wharves, piers and jetties used commercially but not those primarily used for recreation).
• Special rules apply to highway undertakings under Table B, which must be read together with Chapter 9 of this Part of the Act, covering the design, building, financing and operation of roads under highway concessions.