67Restriction on relief in case of farming or market gardeningU.K.
(1)This section applies if a loss is made in a trade of farming or market gardening in a tax year (“the current tax year”).
(2)Trade loss relief against general income is not available for the loss if a loss, calculated without regard to capital allowances, was made in the trade in each of the previous 5 tax years (see section 70).
(3)This section does not prevent relief for the loss from being given if—
(a)the carrying on of the trade forms part of, and is ancillary to, a larger trading undertaking,
(b)the farming or market gardening activities meet the reasonable expectation of profit test (see section 68), or
(c)the trade was started, or treated as started, at any time within the 5 tax years before the current tax year (see section 69 below, as well as section 17 of ITTOIA 2005).