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Home / Simons-Taxes /Business tax /Part B5 Specific trades and activities /Division B5.1 Farming, market gardening and forestry /Farming, market gardening and forestry—general / B5.104A Joint ventures in farming
Commentary

B5.104A Joint ventures in farming

Business tax

A joint venture (JV) can go further than both contract farming or share farming arrangements with the trading involvement and risks for all the parties involved. JVs can be used for unusual ventures including farm diversification and development projects. The worry of the JV is that there is a risk of being deemed to be in partnership which must be avoided

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