BIM55075 - Farming in tax law: tax treatment of share farming agreements

Both parties to a genuine share farming agreement may be accepted as farming as defined by ICTA88/S832 or ITTOIA/S876 or ITA2007/S996 (see BIM55051). They have concurrent rights to the land and both are contributing to an undertaking of husbandry thereon (but see BIM55080 - BIM55085).

For guidance on the application of the herd basis in share farming cases, see BIM55640.