Access full legislation.And much more.
By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.
- AI tax research with linked legislation and Finance Act changes
- Commentary, official guidance, publications and training material
- Case law, appeals and tribunal decisions in one place
Taxes Consolidation Act 1997 section 662
Income tax: restriction of relief for losses in farming or market gardening
Section 662 restricts relief under section 381 for losses incurred in a trade of farming or market gardening, primarily targeting "hobby farmers" who are not genuinely trading with a view to profit.
Access full legislation.And much more.
By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.