"Torsten Brinch" wrote in message
...
On Mon, 6 Jan 2003 13:56:54 -0000, "Michael Saunby"
wrote:


.. The cost of maintenance of the residential building is not and
may
not be deducted. snip

Of course not, it is not relevant to the business.

It explains why folks need an income though.

I think you can safely assume that folks interested in the topic
of this thread already has a good grasp of why folks need an
income.


But you seem to assume that farmers take all possible profit from their
business as income, whereas the truth is that they will take at most as
much as the business can stand and exactly what they take, and in what
form, will depend on the current tax allowances, their living costs, and
their judgement as to whether to invest further in their business (new
machinery, more land), and many other things. One thing that will guide
all of this is what others are earning in other employment since that is a
fair approximation of what it actually costs to live in the UK.

Michael Saunby