Corporation Tax Act 2010 section 1125

"Farming" and related expressions

Section 1125 defines the terms "farming", "husbandry", "market gardening", "woodlands" and "short rotation coppice" for corporation tax purposes, and clarifies how the cultivation of short rotation coppice is classified.

• "Farming" means occupying land wholly or mainly for husbandry purposes, which includes hop growing and the breeding, rearing and grazing of horses — but excludes market gardening
• "Market gardening" is the occupation of land as a garden or nursery for growing produce for sale
• Short rotation coppice — a dense tree crop harvested above ground at intervals of less than 10 years — is treated as husbandry (farming), not forestry, and land used for it is not classified as "woodlands"
• When these definitions are applied in the context of the corporate venturing scheme (Schedule 15 to FA 2000), all references to land occupation and coppice cultivation are restricted to the United Kingdom