Farming - stud farms
14/02/1997
Query
What is the commencement date for the review procedure for the valuation of broodmares.
Decision
The review procedure outlined in the article titled “Book value of Brood Mares” in issue 25 of Tax Briefing operates in respect of accounting periods ending on or after 1 December 1994.
Income Tax
Section 655, Taxes Consolidation Act, 1997
Origin: RLS Division
File ref:IT973008