Corporation Tax Act 2009 section 208

Activities not for generating income from land

Section 208 excludes certain land-related activities from the property income rules, because they are instead taxed as trading income under other provisions.

• Farming or market gardening in the UK is excluded from property income — it is treated as a trade under separate rules
• Other occupation of land in the UK is also excluded — certain commercial occupation of land is similarly treated as a trade
• Activities carried on for the purposes of mines, quarries and similar concerns are excluded, as their profits are taxed under trading income provisions
• The effect is that income from these activities is charged to corporation tax as trading income rather than property income