Section 36 | Farming and market gardening

(1)Farming or market gardening in the United Kingdom is treated for corporation 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 company, other than farming carried on as part of another trade, is treated for corporation tax purposes as one trade.

(3)This section does not apply to farming or market gardening by an insurance company on land which is an asset held by the company for the purposes of its long-term business.

(4)In the case of farming carried on by a company as a member of a firm, this rule is explained by section 1270(1).