B5.138 Valuation of livestock—'deemed' cost

Business tax

Commentary

'Deemed' cost should not be adopted where it is possible to ascertain actual costs from the records, nor should it be used where it would not provide a reasonable estimate of cost (eg pedigree stock). Deemed cost should not be used for purchased animals if less than the original purchase price plus, if the animal were immature when purchased, the cost of rearing from the date of purchase to the valuation date or, if earlier, to maturity.

Deemed cost means a

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B5.138 Valuation of livestock—'deemed' cost

Business tax

E5.406A Employees of European Union institutions—tax exemptions

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

B3.325 General exclusions—first-year qualifying expenditure

D1.8101 Groups of companies

B5.301 Intellectual property—overview

I4.142A Liabilities which are not discharged out of the estate

B3.340A Hire purchase of plant and machinery and similar contracts

E6.303A Domicile of origin

D7.1140 Methods of leaving the REIT regime

C1.213 Liability to tax on chargeable gains—trustees in bankruptcy

E4.622 Vans—main rules

D2.250 Group relief—limited rights, variable rights and options attaching to ordinary shares

B2.315 The concept of wholly and exclusively

E4.1318 Special mixed fund rules

B8.210 Restrictions on sideways loss relief

C1.511 Use of Mansworth v Jelley losses

D3.410 Benefits provided by close companies to participators

C2.1016 Option to subscribe for shares in a company (share warrants)

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

I5.1304 Beneficiary with contingent interest

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B5.138 Valuation of livestock—'deemed' cost

Business tax

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