>> Which means that the taxman will subsidise hobby beekeeping by accepting a
> loss each year. Quite right, as hobbyists' small apiaries are widely
> distributed , not concentrated like industrial beekeeping operations, so the
> countrywide network of hobbyists pollinate gardens, smallholdings, wild
> flowers and benefit the general environment.
>
> Have you checked that with HMRC?  I was not aware that they were willing to
> subsidise any hobbies.

The same applies in the US. You cannot deduct losses from hobbies 
(legally, anyway). An enterprise that loses money year after year and 
still keeps at it is obviously a hobby. If people are getting away with 
deducting hobby losses, it is because nobody has turned them in to the 
IRS yet.

Randall Austin

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