Taxes Consolidation Act 1997 section 612

Scheme for retirement of farmers

Section 612 provides that a capital sum or premium received under the European Communities (Retirement of Farmers) Regulations 1974 is not treated as part of the consideration for a farm disposal and is therefore exempt from capital gains tax.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.