Taxes Consolidation Act, 1997
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Cattle and milk dealers. [FA69 s19; FA96 s132(1) and Sch5 PtI par4] |
53.—(1) In this section— | |
“farm land” means land in the State wholly or mainly occupied for the purposes of husbandry, other than market garden land within the meaning of section 654 ; | ||
“occupation”, in relation to any land, means having the use of that land. | ||
(2) The occupation by a dealer in cattle, or a dealer in or a seller of milk, of farm land which is insufficient for the keep of the cattle brought on to the land shall be treated as the carrying on of a trade, and the profits or gains thereof shall be charged under Case I of Schedule D. |