Part 22

Miscellaneous provisions
Chapter 8

Exemptions

Agricultural societies

Agricultural societies
989
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.