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Home / Simons-Taxes /Business tax /Part B5 Specific trades and activities /Division B5.1 Farming, market gardening and forestry /Treatment of farm animals / B5.141 Farm stocks when a trade ceases

B5.141 Farm stocks when a trade ceases

Business tax

The following rules apply where stocks are sold on cessation of a farming trade to a person carrying on, or intending to carry on, a farming trade in the UK and who is entitled to deduct the cost of the stock as an expense in computing their taxable profits. If the buyer is not connected with the seller, the value is taken

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D6.503 International movement of capital—reportable transactions and events

E4.507S Operation of the charge on securities with artificially enhanced market value

I4.265 Lifetime transfers reported late

I7.323 APR and successions

D1.8101 Groups of companies

I3.367 Fall in value relief—changes in interests in land

I3.750 POAT—introduction to existing arrangements

C2.902 Wasting assets—wasting of allowable expenditure

E4.1146 The PAYE cumulative basis—overview

C3.1705 Non-qualifying tax years, and disposals of a main home under NRCGT

B3.1006 The relevant interest

C3.1713 PPR relief where a dependent relative occupied the residence prior to 6 April 1988

D1.1061 Substantial shareholding exemption—interaction with other reliefs

B5.101 What is 'farming' and 'market gardening'

I5.1122 More than one settlor (income tax and CGT)

D6.711 Liquidation—capital gains implications

C2.106 Deferred and contingent consideration on disposals

C2.1173 Interaction of the exemption election regime with other capital gains exemptions

D6.330 Special situations involving a transfer of trade with common ownership—business of leasing plant or machinery

E1.416 Dividends from non-UK resident companies—general