S112 Income Tax (Trading and Other Income) Act 2005, S110 Corporation Tax Act 2009

A herd basis election applies to all production herds (see below) of a particular class (see BIM55590) kept by the person making the election.

PRODUCTION HERDS

`Production herd' means a collection of animals, or other living creatures, of the same species (irrespective of breed) kept by a farmer or trader wholly or mainly for the products which they produce for him to sell, being products obtainable from the living animal. The definition includes:

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