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Home / Simons-Taxes /Business tax /Part B5 Specific trades and activities /Division B5.1 Farming, market gardening and forestry /Farmers averaging / B5.171 Tests for relief

B5.171 Tests for relief

Business tax

Two-year averaging

Where the profit of one of two consecutive tax years is 75% or less than the profit of the other year (or is nil), the profit of each year is treated as the average of the two profits¹.

The following two examples illustrate averaging calculations

Example

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