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EC 37: Bailment
or “ Rules for farm animals include both regular and expensive livestock ”

You could also call this:

“Rules for valuing bloodstock for tax purposes”

The rules for valuing bloodstock are set out in sections EC 39 to EC 48. These sections explain how you should determine the value of bloodstock for tax purposes.

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Next up: EC 39: First income year in breeding business

or “Rules for valuing horses in the first year of a breeding business”

Part E Timing and quantifying rules
Valuation of livestock: Definitions

EC 38Application of sections EC 39 to EC 48

  1. Sections EC 39 to EC 48 set out the rules for valuing bloodstock.

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