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68. Amendment of section 598 (disposal of business or farm on "retirement") of Principal Act.
(1) Section 598 of the Principal Act is amended -
(a) in subsection (1)(a), by substituting the following for the definition of "the Scheme":
"'the Scheme' means the scheme known as -
(i) the Scheme of Early Retirement From Farming introduced by the Minister for Agriculture and Food for the purpose of implementing Council Regulation (EEC) No. 2079/92 of 30 June 1992 [OJ No. L.215, of 30.7.92, p.91.], or
(ii) the Scheme of Early Retirement From Farming introduced by the Minister for Agriculture, Food and Rural Development for the purpose of implementing Council Regulation (EC) No. 1257/1999 of 17 May 1999 [OJ No. L.160, of 26.6.99, p.80.],",
(b) by substituting the following for subsection (1)(d)(i):
(I) the period of ownership of an asset by a spouse of an individual as if it were a period of ownership of the asset by the individual, and
(II) where a spouse of an individual has died, the period of use of an asset by the spouse as if it were a period of use of the asset by the individual,",
(c) by inserting the following after subsection (1)(d)(ii):