Section 36 — Corporation Tax Act 2009: Farming and market gardening

Farming and market gardening 36 1 Farming or market gardening in the United Kingdom is treated for corporation tax purposes as the carrying on of a trade or part of a trade (whether or not the land is managed on a commercial basis and with a view to the realisation of profits).

2 All farming in the United Kingdom carried on by a company, other than farming carried on as part of another trade, is treated for corporation tax purposes as one trade.

3 This section does not apply to farming or market gardening by an insurance company on land which is an asset held by the company for the purposes of its long-term business .

4 In the case of farming carried on by a company as a member of a firm, this rule is explained by section 1270(1).