(1)The rule in section 36(2) (farming trades) operates in relation to firms so that—
(a)all farming in the United Kingdom which a firm carries on, other than farming carried on as part of another trade, is treated as one trade, but
(b)the farming carried on by a firm which is treated as one trade is not included in any farming trade of any partner in the firm.
(2)Section 205 (UK property business) operates in relation to firms so that—
(a)every business and transaction mentioned in that section carried on, or entered into, by a firm constitutes the firm's UK property business, but
(b)each business or transaction included in the firm's UK property business is not included in any UK property business of any partner in the firm.
(3)Section 206 (overseas property business) operates in relation to firms so that—
(a)every business and transaction mentioned in that section carried on, or entered into, by a firm constitutes the firm's overseas property business, but
(b)each business or transaction included in the firm's overseas property business is not included in any overseas property business of any partner in the firm.