My husband retired from farming this year, selling the bulk of our farmland and all the buildings plus our herd of suckler cattle. He has retained 45 acres (one arable field, three grass fields) and is renting a further 10 acres (grass) from a neighbour. He is renting our arable field out to a contrator and intends to keep 50 breeding ewes (which could increase to up 150 sheep when lambs are included at lambing time) on the grass fields. He has bought a new tractor and livestock trailer and will ocasionally employ the services of a student to help with fencing. He is not claiming single farm payment, he will not be registered for VAT and will not trade as a business. He is unlikely to make any money on this enterprise (at best £5,000 a year) and claims this is his (very expensive) hobby. Is he putting his claim for entrepreneurs relief on the sale of the farm at risk by having all these sheep and 'farming the land' himself and would it be safer to simply rent the land out to someone else?