Features of Finance Act 2000 introduced at Committee Stage

Stamp Duty

Young Trained Farmers

In addition to extending the stamp duty relief on transfers of land to young trained farmers for a further 3 years until 31 December 2002, Section 126 Finance Act 2000 has increased the extent of the relief from two thirds to 100% of the duty otherwise payable.

Instruments of transfer will still require adjudication but will be stamped exempt where the conditions of the relief are met. Both the extension of the term and the increase in the extent of the relief to 100% of the duty otherwise payable apply to instruments executed on or after 1 January 2000