604C Exemption of certain payment entitlements

This section provides for an exemption from CGT on any chargeable gains arising from the disposal by farmers of payment entitlements under the Single Payment Scheme, where all of those entitlements were fully leased and where the owners, because of the change in Common Agricultural Policy regulations, were advised by the Department of Agriculture, Food and the Marine, to transfer their entitlements to an “active” farmer on or before 15 May 2014.

Relevant Date: Finance Act 2021