An election for the herd basis is irrevocable and will continue
to apply indefinitely to all production herds of the specified
class (see
BIM55590) kept by the individual,
partnership or company who made it, unless that individual,
partnership or company ceases to keep a herd of the specified class
for a period of at least five years. But see
BIM55610 regarding partnership changes.
For example, the effect of an election by a particular farmer
will continue notwithstanding that he sells his farm and sets up
again elsewhere, or gives up farming for two or three years. The
question whether the person who takes over the farm has any right
of election will depend entirely on the circumstances of his case.
A person who has ceased for a period of at least five years
to keep a production herd of a particular class will acquire a
fresh right of election if he commences thereafter to keep another
herd of that class.
The election will also be invalidated if the production herd
ceases to be kept for the purposes specified in the election, see
BIM55615.
