BIM55515 - Farming: herd basis: which rule to
apply
Where an election is in force, the herd basis rules come into
operation whenever an animal enters or leaves the herd. Which rule
applies will depend on the particular circumstances as follows
-
WHEN AN ANIMAL COMES INTO THE HERD
- if it is part of the initial setting up of
the herd, see
BIM55530;
- if it is a replacement of an animal
leaving the herd, see
BIM55535;
- if it is an addition to the herd, see
BIM55530;
- if there was a substantial reduction in
the size of the herd in the previous five years, see
BIM55545.
WHEN AN ANIMAL IN THE HERD IS DISPOSED OF, OR DIES
- if it is replaced by another animal, see
BIM55535;
If it is not replaced, then -
- if its disposal is part of the disposal,
within a period not exceeding 12 months, of the whole herd or a
substantial part of the herd, see
BIM55540;
- if its disposal is not part of the
disposal of the whole herd or a substantial part of the herd, see
BIM55550.
REPLACEMENT OF WHOLE HERD, ICTA88/SCH5/PARA3 (7) AND (11)
Where an entire herd is disposed of, or dies, and the farmer
acquires a new production herd of the same class -
