Cattleya
New Bee
- Joined
- Oct 27, 2019
- Messages
- 14
- Reaction score
- 0
- Location
- Belper, Derbys
- Hive Type
- National
- Number of Hives
- 4
I have been keeping bees for a couple of years now and am naturally running at a substantial loss in spite of selling a few jars of honey to friends and family. For next year I have to decide whether to keep a modest, hobby-level operation with a handful of hives or expand to a couple of handfuls and sell honey more commercially, in which case I would have to involve the taxman. I am currently a self-employed gardener (sole trader) and for a couple of years at least I would save some tax if I could offset the setup losses for the bee keeping against profits from the gardening. In order to do this, gardening and bee keeping have to be the same 'trade'...but HMRC have no definitions of different trades, it all seems to be done by case law. Does anyone have any knowledge or experience of this subject?