BIM55585 - Farming: herd basis: elections
for the herd basis
An election for the herd basis -
- must be made in writing to the inspector
(ICTA88/SCH5/PARA2 (2))
- must specify the class of herds to which
it relates (see
BIM55590)
- must be made within the statutory time
limit (see
BIM55595 - BIM55605)
- normally takes effect from when the farmer
first starting keeping a production herd of the specified
class
- is irrevocable (see
BIM55630).
There is no special form for making a herd basis election, nor
is there a requirement that the election be signed by the farmer.
Accounts or computations which clearly show that the herd basis is
being used for a particular class of animals may be regarded as an
election in respect of herds of that class.
