Section 598 of the Principal Act is amended -

(a) in subsection (1)(a) -

(i) in the definition of "payment entitlement", by the substitution of "Regulation (EU) 2021/2115 of the European Parliament and of the Council of 2 December 2021 [OJ No. L435, 6.12.2021, p.1]" for "Regulation (EU) No. 1307/2013 of the European Parliament and of the Council of 17 December 2013", and

(ii) by the insertion of the following definition:

"‘relevant year of assessment’ means the year of assessment in which the disposal for which relief is claimed under this section or section 599 is made;",

(b) in subsection (2) -

(i) in paragraph (a), by the insertion of "on or before 31 December 2024" after "qualifying assets",

(ii) in paragraph (c), by the insertion of "and on or before 31 December 2024" after "2014",

(iii) by the insertion of the following paragraphs after paragraph (c):