C1Part 3Trading income
Annotations:
Modifications etc. (not altering text)
F1CHAPTER 8ACOMPENSATION FOR COMPULSORY SLAUGHTER OF ANIMALS
Annotations:
Amendments (Textual)
F1
Ch. 8A inserted (1.3.2012) (with effect in accordance with art. 12 of the amending S.I.) by The Enactment of Extra-Statutory Concessions Order 2012 (S.I. 2012/266), arts. 1, 10
127AApplication of Chapter 8A
1
This Chapter applies if—
a
an animal treated as trading stock of a farming trade is slaughtered under a disease control order,
b
the animal is not part of a production herd of a class in respect of which a herd basis election may be made under section 124, and
c
the farm company receives or will receive compensation for the animal.
2
Such an animal is referred to in this Chapter as a “relevant animal”.
3
“Disease control order” has the same meaning as in section 124.
Pt. 3 modified (1.1.2010) by Northern Rock plc (Tax Consequences) Regulations 2009 (S.I. 2009/3227), regs. 1, 4(1)