B5.223 Commercial occupation of land treated as a trade
The general rule is that the occupation of land in the UK managed on a commercial basis and with a view to the realisation of profits is treated as a trade or part of a trade1, see Division B5.1. This does not apply to woodlands or to land being prepared for forestry purposes2, which is outside the charge to tax, see B5.130. Land filled with Christmas trees is not considered to be woodlands and therefore not exempt3. Farming and market gardening in the
To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial
Web page updated on 17 Mar 2025 17:17