SCHEDULES
C2SCHEDULE 8 Relief for Agricultural Property
Annotations:
Modifications etc. (not altering text)
C1Part II Estate Duty
Annotations:
Modifications etc. (not altering text)
C1
The text of ss. 50, 52(3), 54(1), 57(1)(a)(b), (2)(in part), 58, Sch. 4 para. 38(2), Sch. 8 Pt. II (ss. 12–16), Sch. 11, Sch. 13 is in the form in which it was originally enacted: it was not reproduced in Statutes in Force and does not reflect any amendments or repeals which may have been made prior to 1.2.1991.
Limitation of relief
15
Relief under this Part of this Schedule shall be given only to the extent that either—
a
the agricultural value of the agricultural property does not exceed £250,000 or
b
the area of the agricultural property does not exceed one thousand acres.
Sch. 8 applied by Capital Gains Tax Act 1979 (c. 14 SIF 63:2), s. 126, Sch. 4 paras. 1(1)(a), 3(1)(a)