Part 22 Miscellaneous provisions

Chapter 8 Exemptions

Agricultural societies

989 Agricultural societies
(1) No liability to corporation tax arises in respect of profits of an agricultural society which—
(a) arise from an exhibition or show held for the purposes of the society, and
(b) are applied solely for the purposes of the society.
(2) In this section “agricultural society” means any society or institution established for the purpose of promoting the interests of—
(a) agriculture,
(b) horticulture,
(c) forestry, or
(d) the breeding of any kind of animal.