A child has inherited from her grand aunt a house and 14 acres of farm land. The land is the subject of a gentleman’s agreement with a neighbouring farmer who bails hay on the land for an annual rent. The child who is eleven years old now resides in the farm house with her parents and other family members. The grand aunts will has created a bare trust. On reaching her eighteenth birthday the child will inherit absolutely. Will she be able to claim agricultural relief in these circumstances on the farming assets which consist the land and the farmhouse?
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