SCHEDULES

SCHEDULE 5Enterprise management incentives

Part 3Qualifying companies

Excluded activities

16

The following are excluded activities—

a

dealing in land, in commodities or futures or in shares, securities or other financial instruments;

b

dealing in goods otherwise than in the course of an ordinary trade of wholesale or retail distribution (see also paragraph 17);

c

banking, insurance, money-lending, debt-factoring, hire-purchase financing or other financial activities;

d

leasing, including letting ships on charter or other assets on hire (see also paragraph 18);

e

receiving royalties or licence fees (see also paragraph 19);

f

providing legal or accountancy services;

g

property development (see also paragraph 20);

h

farming or market gardening;

i

holding, managing or occupying woodlands, any other forestry activities or timber production;

F1ia

shipbuilding (see also paragraph 20A);

ib

producing coal (see also paragraph 20B);

ic

producing steel (see also paragraph 20C);

j

operating or managing hotels or comparable establishments, or managing property used as a hotel or comparable establishment (see also paragraph 21);

k

operating or managing nursing homes or residential care homes, or managing property used as a nursing home or residential care home (see also paragraph 22);

l

any activities which are excluded activities under paragraph 23.