Agricultural property relief

Animals

Arable area payments

Arable Area Payments Scheme

Averaging

Adjustment of profits

Carry-back claims

Circumstances in which a claim may be made

Claims involving two or more years

Effect of adjustment of profits

Generally

Intensive rearing on a commercial basis

Late adjustment of profits, effect of

Repayment supplement

Background

Capital allowances

Generally

Capital receipts

Casual workers

Commencement/cessation

Companies

Compensation

Generally

Income or capital receipt

Non-taxable grants

Computation of profits

Drainage, expenditure

Ewe and suckler cow premium quotas

Farm drainage

Farmhouse expenses

Farming, meaning

Fish quotas

Fluctuating profits

Adjusted profits, meaning

Effect of adjustment

Full averaging

Generally

Implementation of claims

Nature of relief

Relief not available

Tax and financial planning

Generally

Grants and subsidies

Arable area payments

Timing of recognition

Grants, subsidies and compensation

Capital allowances

Capital or income receipts

Chargeable gains

Compensation

Generally

Income or capital receipts

Non-taxable

Growing crops, valuation

Harvested crops, valuation

Herd basis

Hobby farming, restriction of loss relief

Income from

Income or capital receipt, distinction

Livestock

– see Livestock

Loss relief restriction

Change in persons carrying on trade, whether the same trade

Generally

Previous tax years losses

Reasonable expectation of profit

Losses

Market gardening, meaning

Meaning of farming and related expressions

Milk quotas

– see also Milk quotas

Generally

Partnerships

Plant and machinery allowances

Potato quotas

Premiums

Property income

Relief for fluctuation profits

Five-year averaging for 2016-17 and subsequent years

Full averaging up to 2015-16

Marginal averaging up to 2015-16

Time limits for elections and claims

Two-year averaging from 2016-17

Rents

Replacement of business assets

Ewe and suckler cow premium quotas

Fish quotas

Milk quotas

Potato quotas

Single payment scheme/basic payment scheme

Rollover relief

Share farming

Short rotation coppice

Single payment scheme

Statutory trade

Sugar beet outgoers scheme

Trade loss relief

Cessation of trade

Companies treated as the same person as an individual

Generally

Reasonable expectation of profit test

Trade, treated as

Trading

Trading income, charge to tax

Trading losses

Cessation

Hobby farming

Valuation of stock and crops etc.

Value added tax, flat-rate scheme rate