Section 111 — Corporation Tax Act 2009: Other interpretative provisions

Other interpretative provisions 111 1 This section applies for the purposes of this Chapter.

2 A production herd kept by a farmer is of the same class as another production herd only if—

a the animals kept in both herds are of the same species (irrespective of breed),

and b the products produced for the farmer to sell (for which the herds are wholly or mainly kept) are of the same kinds in both herds.

3 References to the sale of an animal include references to its death or destruction.

4 References to the sale proceeds of an animal include references to—

a money received from an insurer because of the animal's death or destruction, b compensation money received because of the animal's death or destruction, and c the sale proceeds of the animal's carcass or any part of its carcass.

5 Female animals become mature—

a in the case of laying birds, when they first lay, and b in any other case, when they produce their first young. 6 20% or more of a herd is a substantial part of the herd, but a lesser percentage than 20% is capable of being a substantial part of the herd depending on the circumstances of the case concerned.