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“company” has the same meaning as in section 4;

(a) where the person is a company, the income from the trade computed in accordance with the rules applicable to Case I of Schedule D, or

(b) in the case of any other person, the profits or gains of the trade computed in accordance with the rules applicable to Case I of Schedule D;

(a) where the person is a company, an accounting period determined in accordance with section 27, or

“trading stock”, in relation to the trade of farming, has the same meaning as in section 89 and, in determining the value of a person’s trading stock at any time for the purposes of a deduction under section 666, to the extent that at or before that time any payments on account have been received by the person in respect of any trading stock, the value of that stock shall be reduced accordingly.

“chargeable period” has the same meaning as in section 321(2);

“trading stock”, in relation to the trade of farming, has the same meaning as in section 89 and, in determining the value of a person’s trading stock at any time for the purposes of a deduction under section 666, to the extent that at or before that time any payments on account have been received by the person in respect of any trading stock, the value of that stock shall be reduced accordingly.

“specified return date for the chargeable period” has the same meaning as in section 950 section 959A;