S112(7)(b) Income Tax (Trading and Other Income) Act 2005, S110(7)(b) Corporation Tax Act 2009-

Share farming is an arrangement whereby typically a landowner and a working farmer make separate contributions to a farming enterprise, each taking a share in the produce (see BIM55070). Livestock subject to a share farming agreement is normally held in undivided shares (that is, both parties to the agreement own a share of each animal rather than each owning specific whole animals). The legislation (see BIM55635) enables share farmers to apply the herd basis to these shares.

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.