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Legislation
Income Tax (Trading and Other Income) Act 2005

CHAPTER 16ZA COMPENSATION FOR COMPULSORY SLAUGHTER OF ANIMALS

  • Section 225ZA Application of Chapter 16ZA
  • Section 225ZAA Chapter not to apply where cash basis used
  • Section 225ZB Right to make claim
  • Section 225ZC Book value
  • Section 225ZD Effect of claim for spreading profits
  • Section 225ZE Adjustment: cessation of trading
  • Section 225ZF Time limits etc for spreading claim
  • Section 225ZG Interpretation
  1. Chapter 16ZA
  2. Application of Chapter 16ZA

Section 225ZA | Application of Chapter 16ZA

From legislation.gov.uk

(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 126, and

(c)the farmer 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 126.

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