A farmer joined a farming partnership on 1st April 2019.
In 2018/19 he had 5 days profits assessed at, lets say, £820. In 2019/20 he is allocated a profit of £60,000 from the year ended 31st March 2020.
My question is - can he average 18/19 and 19/20? I know you cannot average in the year of commencement but whilst it is the accounting year of commencement, it is the second year of tax assessment.