Section 127B | Right to make claim

(1)The farm company may make a claim under this section.

(2)A claim may only be made in respect of the total compensation profit for an accounting period.

(3)The total compensation profit for an accounting period is the sum of the profits which the farm company makes for all the relevant animals slaughtered in that period.

(4)For the purposes of this Chapter the profit which the farm company makes for a relevant animal is—

(a)the amount by which the compensation for the animal exceeds its book value, or

(b)if the trade is carried on in partnership, the farm company’s share of that amount, determined in accordance with Part 17.

(5)Nothing in this section prevents a claim being made before the amount of the compensation has been finally determined.