000 01012cam a2200217 4500
001 ABS68066
008 040714n2004 000 0 eng u
035 _a(Sirsi) u126775
245 _aRelief for farming losses
260 _c2004
490 _aFarm Tax Brief
_v19(5) June 2004, 5-6(2)
520 _aDescribes the situation in the case "Walsh and another v Taylor (HMIT)", ([2004] STC (SCD) 48) where a farm was run on a commercial basis but not so that profits could reasonably be expected to be realised within the period set out in the hobby farming provisions of the Corporation Taxes Act 1988 s397 or within a reasonable period thereafter. Consequently loss relief under the Income and Corporation Taxes Act 1988 s381 was not available.
590 _aABS
590 _aABS
650 _aWALSH AND ANOTHER V TAYLOR (HMIT)
650 _aFARMING BUSINESS
650 _aHOBBY FARMING
650 _aINCOME AND CORPORATION TAXES ACT 1988
690 _aRURAL-FARM BUSINESS MANAGEMENT
942 _n0
999 _c117695
_d117695