Finance Act 1975 (c. 7)

SCHEDULES

SCHEDULE 8 U.K. Relief for Agricultural Property

Modifications etc. (not altering text)

C1 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)

Part II U.K. Estate Duty

Modifications etc. (not altering text)

C2 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 II (ss. 12–16), Sch. 11, Sch. 13 is in the form in which it was originally enacted: it was not reproduced in Statutes in Force and does not reflect any amendments or repeals which may have been made prior to 1.2.1991.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 U.K.

15 U.K. 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.