Timing and quantifying rules - Income equalisation schemes - Interest
EH 40: Interest on deposits in adverse event income equalisation account
You could also call this:
“This rule about interest on special farming accounts no longer applies”
This section of the law used to talk about how interest works on money you put into a special account called the adverse event income equalisation account. However, this part of the law was removed on 18 March 2019. This means it no longer applies, and you don’t need to worry about it anymore.
“This provision about deducting deposits is no longer active”
Part E
Timing and quantifying rules
Income equalisation schemes:
Interest
EH 40Interest on deposits in adverse event income equalisation account (Repealed)
Notes
EH 40: repealed, on , by section 169(4) (and see section 169(11) for application) of the Taxation (Annual Rates for 2018–19, Modernising Tax Administration, and Remedial Matters) Act 2019 (2019 No 5).
