Related Commentary  Related HMRC Manuals

124(1)  A herd basis election must specify the class of production herd to which it relates.

124(2)  A herd basis election must be made–

(a)on or before the first anniversary of the normal self-assessment filing date for the tax year in which the first relevant period of account ends, or

(b)if that is the tax year in which the farmer starts to carry on the trade and the farmer is not a firm, on or before the second anniversary of the normal self-assessment filing date for that tax year.

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