(a) In this section 'relevant loss' means a loss in a trade or profession (including any amount in respect of allowances which, pursuant to section 392, is to be treated as a loss for the purposes of section 381) but does not include a loss which arises from -
(i) farming, within the meaning of Part 23,
(ii) market gardening,
(iii) a trade which consists of the underwriting business of a member of Lloyd's,
(iv) any amount in respect of qualifying expenditure which by virtue of section 482(2) is to be treated as a loss, or
(v) any amount in respect of specified capital allowances, within
the meaning of section 531AAE, which pursuant to section 392 is to be treated as a loss.
(b) For the purposes of this section -
(i) an individual carries on a trade in a non-active capacity during a period if the individual does not work for the greater part of his or her time on the day to day management or conduct of the trade or profession during that period, and
(ii) an individual does not work
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