122 Herd basis elections
Corporation Tax Act 2009 (2009 c 4) | Legislation

Elections

122  Herd basis elections

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

(2)     A herd basis election must be made—

(a)     not later than two years after the end of the first relevant accounting period (if the farmer is not a firm), or

(b)     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 (if the farmer is a firm).

(3)

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