Finance Act 2008
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Amendment of section 657 (averaging of farm profits) of Principal Act. |
15.— Section 657 of the Principal Act is amended by inserting the following after subsection (10): | |
“(10A) Where the commencement of a partnership to which European Communities (Milk Quota) (Amendment) Regulations 2002 ( S.I. No. 97 of 2002 ) apply, would otherwise result in the permanent discontinuation of another trade of farming then, notwithstanding subsection (10) and solely for the purposes of the application of this section, the partnership trade shall be treated as a continuation of that other trade.”. |