[2012] UKUT 148 (TCC).

Upper Tribunal (Tax and Chancery Chamber).

Judge Nicholas Aleksander and Judge Edward Sadler.

Decision released 11 May 2012.

Income tax – Averaging of farming profits – Treatment of losses – Whether inability to average losses discriminatory – Taxpayer's appeal dismissed – Income Tax (Trading and Other Income) Act 2005, s. 221.

  This was an appeal by the taxpayer farmer against a decision of the First-tier Tribunal that his inability to carry back losses through averaging of farming profits was neither discriminatory nor in breach of his human rights.

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