On a change in the members of a farming partnership, a new opportunity arises to elect for the herd basis to apply to farm animals, but there appears to be confusion about the valuation of the herd at transfer
MGF (Trench Construction Systems) Ltd (TC2399)
An investigation into trade-related properties and the mysterious case of the disappearing goodwill
MARTIN EDHOUSE and HELEN LEWIS discuss the “wholly and exclusively” rule when a business makes sponsorship payments to a sports club

