000			01449cam a2200229 4500
001			ABS66653
008			030502n2003 000 0 eng u
035			_a(Sirsi) u122181
100			_aPopplewell, N.
245			_aFarming: partnerships revisited
260			_c2003
490			_aTaxation _v150(3897) 6 March 2003, 549-552(4)
520			_aExamines the effect of recent legislation on the milk quotas trade. DEFRA published a consultation paper in early 2003 for regulations to implement changes to the Dairy Produce Quotas Regulations. This follows the judgment in the European Court of Justice case, "Thomsen" (C-401/99) in which the court ruled that, upon expiry of a rural lease of a dairy holding, the transfer to the lessor of the quota was possible only where the lessor had the status of a producer within the meaning of EC Regulation 3950/92. The proposed changes will affect non-producing quota holders in the UK who will no longer be able to lease out their quota indefinitely. Examines issues raised by the proposals such as entering into partnership in order to keep the quotas, corporation tax changes, taper relief, use of companies, establishment of a company and inheritance tax. Provides a case study.
590			_aABS
650			_aMILK QUOTAS
650			_aFARM BUSINESSES
650			_aEUROPEAN UNION LAW
650			_aMILK PRODUCERS
650			_aFARM BUSINESS MANAGEMENT
690			_aTAXATION
942			_n0
999			_c72618 _d72618