New HMRC form CA8454

Published on: 31 July 2024

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Specialist Tax Regulatory Materials

Article summary

HMRC has replaced and updated the existing form.

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

News

Guidance

Popular Articles

Owner-Managed Businesses

Trade or hobby

Trade or hobbyInteraction of hobby farming rules and commercialityFarming has its own set of ‘hobby farming rules’, which historically have stated that a profit must be made every six years. This is known as ‘the five-year rule’, in that there can be five years of losses but there must be a profit

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14 Jul 2020 13:49 | Produced by Tolley Read more

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