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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. Interpretation

Section 225ZG | Interpretation

From legislation.gov.uk

In this Chapter—

“animal” means any animal or other living creature;

“farming trade” means a trade of farming;

“the farmer”, in relation to a farming trade, means the individual who (alone or in partnership) carries on that trade;

“total compensation profit” has the meaning given by section 225ZB.

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