Part 11 of Revenue’s Capital Acquisitions Tax Manual has been revised and refreshed with the aim of providing clearer and more comprehensive guidance on agricultural relief.
In addition to the manual being updated for Finance (No.2) Act 2023 amendments, the main changes include:
- The concessional treatment which allowed the active farming requirements to commence from the date of the inheritance has been removed, and
- The Q&As that were provided in Appendix 1 have been removed and the contents instead have been incorporated into the main body of the guidance.
Further details can be found in Revenue eBrief No 246/24.
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