Finance Act 2014

Amendment of section 604B of Principal Act (relief for farm restructuring)

49. Section 604B of the Principal Act is amended in subsection (1)(a) —

(a) by substituting the following for the definition of “agricultural land”:

“‘agricultural land’ means land used for the purposes of farming but does not include buildings on the land;”,


(b) in the definition of “relevant period” by substituting “31 December 2016” for “31 December 2015”.