Agricultural buildings allowances

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

Averaging profits

Generally

Time limits

Background

Capital allowances

Generally

Capital receipts

Casual workers

Charge to tax

Commencement/cessation

Companies

Compensation

Generally

Income or capital receipt

Milk quotas

Non-taxable grants

Computation of profits

Drainage, expenditure

Ewe and suckler cow premium quotas

Farm drainage

Farmhouse expenses

Farming, meaning

Fish quotas

Flat-rate scheme

Fluctuating profits

Adjusted profits, meaning

Effect of adjustment

Full averaging

Generally

Implementation of claims

Marginal averaging

Nature of relief

Relief not available

Tax and financial planning

Fluctuating profits, relief

Generally

Grants

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 etc.

Harvested crops, valuation

Herd basis

– see also Livestock; Herd basis

Generally

Hobby farming, restriction of loss relief

Income from

Income or capital receipt, distinction

Livestock

– see Livestock

Loss or temporary loss of income

Loss relief restriction

Change in persons carrying on trade, whether the same trade

Generally

Previous tax years losses

Reasonable expectation of profit

Losses

Losses, restriction

Market gardening, meaning

Meaning

Meaning of farming and related expressions

Milk quotas

– see also Milk quotas

Generally

Oilseeds Support Scheme 1992

Partnerships

Plant and machinery allowances

Potato quotas

Premiums

Property income

Quota system

Quotas, roll-over relief

Relief for fluctuating profits

Rents

Replacement of business assets

Ewe and suckler cow premium quotas

Fish quotas

Milk quotas

Potato quotas

Single payment scheme/basic payment scheme

Retirement relief, value shifting

Share farming

Short rotation coppice

Single payment scheme

Statutory trade

Stock-in-trade

Sugar beet outgoers scheme

Super levy

Tillages

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

Value added tax, flat-rate farmers