The separate sale of a milk quota on a farmer’s retirement had no capital gains tax exemption. No cessation relief was available on milk quota sold one year after the sale of the herd and the business.
Citations:
Ind Summary 08-Jan-1996, Times 24-Nov-1995
Statutes:
Jurisdiction:
England and Wales
Agriculture, Capital Gains Tax
Updated: 02 February 2022; Ref: scu.90312