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Legislation
Income Tax (Trading and Other Income) Act 2005

Crossheading Trades and trade profits

  • Section 9 Farming and market gardening
  • Section 10 Commercial occupation of land other than woodlands
  • Section 11 Commercial occupation of woodlands
  • Section 12 Profits of mines, quarries and other concerns
  • Section 13 Visiting performers
  • Section 14 Visiting performers: supplementary
  • Section 15 Divers and diving supervisors
  • Section 16 Oil extraction and related activities
  • Section 16A Voluntary office-holders: compensation for lost profits
  • Section 16B Payments to company directors
  • Section 16C Professionals in practice: incidental income from an office or employment
  1. Trades and trade profits
  2. Farming and market gardening

Section 9 | Farming and market gardening

From legislation.gov.uk

(1)Farming or market gardening in the United Kingdom is treated for income tax purposes as the carrying on of a trade or part of a trade (whether or not the land is managed on a commercial basis and with a view to the realisation of profits).

(2)All farming in the United Kingdom carried on by a person, other than farming carried on as part of another trade, is treated for income tax purposes as one trade.

(3)In the case of farming carried on by a firm, this rule is explained by section 859(1).

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