Income - Income from business or trade-like activities - Exclusion for investment land
CB 27B: Entering partners’ livestock income
You could also call this:
“How new partners' livestock income was treated before the rule was removed”
This section of the law, called ‘Entering partners’ livestock income’, was part of the Income Tax Act 2007. It was about how to deal with income from livestock when new partners join a business. However, this part of the law no longer exists. It was removed on 6 October 2009, but the change was meant to apply from 1 April 2009. This means that since then, there are no special rules in this part of the law about new partners and their livestock income.
“How income is calculated from environmental restoration account refunds and transfers”
Part C
Income
Income from business or trade-like activities:
Exclusion for investment land
CB 27BEntering partners’ livestock income (Repealed)
Notes
Section CB 27B: repealed (with effect on 1 April 2009), on , by section 9(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
