Contents of Part B5
B5.1ÌýÌýÌýÌý Farming, market gardening and forestry
B5.2ÌýÌýÌýÌý Transactions in land
B5.3ÌýÌýÌýÌý Intellectual property
B5.4ÌýÌýÌýÌý Leases
B5.5ÌýÌýÌýÌý Sound recordings and film trades
B5.6ÌýÌýÌýÌý Other trades
B5.7ÌýÌýÌýÌý Offshore funds
B5.7aÌýÌýÌýÌý Public interest businesses
Division B5.1ÌýÌýÌýÌý Farming, market gardening and forestry
For updates affecting this Division please see Part B0 Updates
Farming, market gardening and forestry—general
B5.101 What is 'farming' and 'market gardening'
The terms 'farming' and 'market gardening' are both statutorily defined by reference to the occupation of land. The definitions are relevant for a number of special statutory provisions, the most important of which are as follows:
- Ìý
•ÌýÌýÌýÌý if they are carried on in the UK, both farming and market gardening are treated as carrying on a trade, whether or not the land is managed on a commercial basis and with a view to the realisation of profits (but see head (f) below)1. As regards farming on land outside the UK, its status as a trade and the treatment of any related expenditure
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Web page updated on 24 Aug 2024 14:52