(1) Section 109 of the Finance Act, 1993, is hereby amended by the insertion of the following definitions after the definition of "the Act of 1965":
"'agricultural property' has the same meaning as it has in section 19 (as amended by the Finance Act, 1994) of the Principal Act but excluding farm machinery, livestock and bloodstock;
'agricultural value' means the market value of agricultural property reduced by 30 per cent. of that value;".
(2) This section shall have effect in relation to persons dying after the 17th day of June, 1993.