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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 18 December 2023 - onwards

81. Amendment of Part 10 of Principal Act (agricultural relief and business relief)

(1) Section 89 of the Principal Act is amended -

(a) in subsection (1) -

(i) in the definition of "agricultural property", by the substitution of the following paragraph for paragraph (b):

"(b) a payment entitlement (within the meaning 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.]);",

and

(ii) in the definition of "farmer", in paragraph (b)(ii), by the substitution of "object (within the meaning of Chapter 2 of Part 3) of the trust" for "object of the trust",

(b) in subsection (4) -

(i) in paragraph (a) -

(I) in subparagraph (i) -

(A) by the substitution of "in whole or in part, other than by way of a lease referred to in paragraph (iii) of the definition of ‘farmer’ in subsection (1)," for "or compulsorily acquired", and