Capital Acquisitions Tax - Agricultural Relief - Finance Act 2017 changes

The Capital Acquisitions Tax Manual has been updated in Part 11 (Agricultural Relief) to reflect amendments made to section 89 CATCA 2003 by Finance Act 2017 in relation to the impact of installing solar panels on agricultural land on the availability of the relief. Subject to certain conditions, land comprised in a gift or an inheritance on which solar panels have been installed is to be regarded as qualifying agricultural land for the purposes of the tax relief. In addition, subject to conditions, the ‘active farmer’ requirements can be met where a beneficiary leases land for the installation of solar panels.

01 February 2018