Related Commentary  Related CasesRelated HMRC Manuals

221(1)  This Chapter enables an individual (a “taxpayer”) to make a claim (an “averaging claim”) if–

(a)the taxpayer is, or has been, carrying on a qualifying trade, profession or vocation (alone or in partnership), and

(b)the taxpayer's profits from it (“the relevant profits”) fluctuate from one tax year to the next.

221(2)  For the purposes of section 222 (two-year averaging) a trade, profession or vocation is a “qualifying trade, profession or vocation” if–

(a)it is farming or market gardening in the United Kingdom,

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