BIM55200 - Farming: receipts from sales of turf

Receipts from sales of turf should be treated as part of the farm tradingreceipts, or as receipts arising from a right over land (that is the right to take turf from the land) assessable under Schedule A by virtue of ICTA88/S15/PARA1 (4) (as amended by FA98/SCH5) or ITTOIA/S266(3) (see PIM1050, sub-head (c) and Lowe v J.W Ashmore Ltd [1970] 46TC597).