ICTA88/SCH5/PARA9 (4)(b) extends the herd basis rules to shares
in animals as they apply to animals. This rule was introduced by
FA00/S76. Previously the same treatment was given under
extra-statutory concession ESC/B37. The rule applies both to shares
in single production animals used by a farmer for the purposes of
his herd, and to shares in animals forming part of a herd.
In practice, the most common use of this rule is likely to be
where there is a jointly owned herd under a share farming agreement
(see
BIM55640).
