Princess Pooper
Member
- Location
- East Mids
As for the Revenue its not classed as part of farm income so cannot be offsett against losses to help with the 5 year rule.
But that (and exclusion from averaging calcs) is nothing new, any significant farm diversification has (or should have) always been excluded in the calculation of farming losses, it is not unique to renewables income. https://www.hawsons.co.uk/agricultural-diversification-beware-tax-pitfalls/ That is why I cannot understand what this fuss is all about, this has always been the case but it looks as though someone either did not take tax advice before proceeding or has been badly advised.