- Latest available (Revised)
- Original (As enacted)
There are currently no known outstanding effects for the Agriculture Act 1993, Paragraph 13.
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
13(1)This paragraph applies where part of a trade carried on by a subsidiary of a milk marketing board is transferred under section 11 above to one qualifying body (“the successor body”) and the remainder is retained by the subsidiary.U.K.
(2)There shall be apportioned between the subsidiary and the successor body—
(a)the unallowed tax losses of the subsidiary, and
(b)any expenditure incurred by the subsidiary before the date of the transfer and by reference to which capital allowances may be made.
(3)The apportionment under sub-paragraph (2) above shall be made in such manner as is just and reasonable having regard—
(a)to the extent to which the losses and expenditure mentioned in that sub-paragraph are attributable to the different parts of the trade, and
(b)as respects the apportionment of such expenditure, to the division of the subsidiary’s assets between itself and the successor body.
(4)In this paragraph, “unallowed tax losses” has the same meaning as in paragraph 12 above.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.
Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: