Section 127A — Corporation Tax Act 2009: Application of Chapter 8A

Application of Chapter 8A 127A 1 This Chapter applies if—

a an animal treated as trading stock of a farming trade is slaughtered under a disease control order, b the animal is not part of a production herd of a class in respect of which a herd basis election may be made under section 124, and c the farm company receives or will receive compensation for the animal.

2 Such an animal is referred to in this Chapter as a “relevant animal”. 3 “Disease control order” has the same meaning as in section 124.