118 Sale of animals from herd
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

118  Sale of animals from herd

(1)     This section applies for the purpose of calculating the profits of the trade if an animal is sold from the herd unless—

(a)     it is replaced in the herd by another animal (see section 116), or

(b)     it is sold as part of the sale of the whole or a substantial part

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