Taxes Consolidation Act 1997 section 655

Section 655 provides that farming and market gardening are treated as trades, with profits charged to tax under Case I of Schedule D.

• Farming is treated as the carrying on of a trade (or part of a trade), with profits taxable under Case I of Schedule D.
• All farming carried on by a person — whether solely or in partnership — is treated as a single trade, regardless of the number of holdings or capacities involved.
• The normal partnership commencement and cessation rules in Chapter 3 of Part 4 apply where a person enters or leaves a farming partnership.
• Market gardening is also treated as a trade, with profits taxable under Case I of Schedule D.