Part 16Income Tax Acts definitions etc
Chapter 1Definitions
996Meaning of “farming” and related expressions
1
In the Income Tax Acts “farming” means the occupation of land wholly or mainly for the purposes of husbandry, but does not include market gardening (see subsection (5)).
2
In subsection (1) “husbandry” includes—
a
hop growing, and
b
the breeding and rearing of horses and the grazing of horses in connection with those activities.
3
For the purposes of the Income Tax Acts the cultivation of short rotation coppice is regarded as husbandry and not as forestry.
4
In the Income Tax Acts “woodlands” does not include land on which short rotation coppice is cultivated.
5
In the Income Tax Acts “market gardening” means the occupation of land as a garden or nursery for the purpose of growing produce for sale.
6
For the purposes of this section “short rotation coppice” means a perennial crop of tree species planted at high density, the stems of which are harvested above ground level at intervals of less than 10 years.
7
In the application of this section for the purposes of section 192(1) or 303(1) of this Act or paragraph 16 of Schedule 5 to ITEPA 2003—
a
both references to the occupation of land, and the reference to land on which short rotation coppice is cultivated, refer to land in the United Kingdom, and
b
the reference to the cultivation of such coppice refers to its cultivation in the United Kingdom.