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Corporation Tax Act 2010

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Changes over time for: Section 1125

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Point in time view as at 01/04/2010.

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Corporation Tax Act 2010, Section 1125 is up to date with all changes known to be in force on or before 14 June 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

1125“Farming” and related expressionsU.K.

This section has no associated Explanatory Notes

(1)In the Corporation 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 Corporation Tax Acts the cultivation of short rotation coppice is regarded as husbandry and not as forestry.

(4)In the Corporation Tax Acts “woodlands” does not include land on which short rotation coppice is cultivated.

(5)In the Corporation 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 paragraph 26 of Schedule 15 to FA 2000—

(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.

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