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Date: | Wed, 13 Nov 2013 22:57:49 -0000 |
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>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. If you are correct then the entire population is
likely to take up hobbies at an unprecedented rate.
It used to be that they would accept losses from self-employment to be set
against other income for 6 years. Has that changed?
Any UK tax experts out there?
Best wishes
Peter
52°14'44.44"N, 1°50'35"W
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