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Legislation
Corporation Tax Act 2009

Crossheading The herd basis rules

  • Section 112 Initial cost of herd and value of herd
  • Section 113 Addition of animals to herd
  • Section 114 Replacement of animals in herd
  • Section 115 Amount of receipt if old animal slaughtered under disease control order
  • Section 116 Sale of animals from herd
  • Section 117 Sale of whole or substantial part of herd
  • Section 118 Acquisition of new herd begun within 5 years of sale
  • Section 119 Section 118: sale for reasons outside farmer's control
  • Section 120 Replacement of part sold begun within 5 years of sale
  • Section 121 Section 120: sale for reasons outside farmer's control
  1. Corporation Tax Act 2009
  2. /
  3. /The herd basis rules

Section 112 | Initial cost of herd and value of herd

From legislation.gov.uk

1 April 2026

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(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.

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