Beta This part of GOV.UK is being rebuilt – find out what this means

HMRC internal manual

Venture Capital Schemes Manual

From
HM Revenue & Customs
Updated
, see all updates

Excluded activities: farming or market gardening

ITA07/S192(1)(h); ITA07/S303(1)(h)

S192(1)(h) and S303(1)(h) exclude farming or market gardening.

Farming and market gardening are defined at ITA07/S996 as meaning the occupation of land in the United Kingdom wholly or mainly for the purposes or husbandry, but excluding market gardening. ‘Husbandry’ includes hop growing, the breeding and rearing of horses and the grazing of horses for those purposes, as well as short rotation coppicing.

Farming is not necessarily a trade in the proper sense of the word, but is treated as a trade for all tax purposes by CTA09/S36and ITTOIA05/S9 (see BIM55051).

For market gardening see BIM62601.