C1Part 3Trading income

Annotations:
Modifications etc. (not altering text)

Chapter 8Trade profits: herd basis rules

The herd basis rules

112Initial cost of herd and value of herd

1

In calculating the profits of the trade, no deduction is allowed for the initial cost of the herd.

2

In calculating the profits of the trade, the value of the herd is not brought into account.