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Legislation
Corporation Tax Act 2009

CHAPTER 8A COMPENSATION FOR COMPULSORY SLAUGHTER OF ANIMALS

  • Section 127A Application of Chapter 8A
  • Section 127B Right to make claim
  • Section 127C Book value
  • Section 127D Effect of claim for spreading of profits
  • Section 127E Adjustment: cessation of trading
  • Section 127F Time limits etc for spreading claim
  • Section 127G Interpretation
  1. Chapter 8a
  2. Application of Chapter 8A

Section 127A | Application of Chapter 8A

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 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.

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