(1) Section 598 of the Principal Act is amended in subsection (1) -

(a) in paragraph (a) -

(i) before the definition of "chargeable business asset" by inserting the following:

"'certificate' has the same meaning as it has for the purposes of Regulation 8(8)(c)(ii) of the European Communities (Milk Quota) Regulations 2000 (S.I. No. 94 of 2000) as amended or extended from time to time;",

(ii) after the definition of "holding company" by inserting the following:

"'milk production partnership' has the meaning assigned to it by the European Communities (Milk Quota) Regulations 2000 (S.I. No. 94 of 2000) as amended or extended from time to time;

'payment entitlement' has the same meaning as it has for the purposes of Council Regulation (EC) No. 1782/2003 of 29 September 2003 [OJ No. L270 of 21.10.2003, p.1];",

and

(iii) in the definition of "qualifying assets" by inserting the following after subparagraph (ii):

"(iia) payment entitlements, where they are disposed of at the same time and to the same person as land to the extent that the land would support a claim to payment in respect of those payment entitlements,",

and