fa75/sch8/para2.- Finance Act 1975 Schedule 8 Relief for Agricultural Property Part I

2. Where the value transferred is to be computed in accordance with this paragraph there shall first be ascertained such part of the unreduced value as is attributable to the agricultural value of the agricultural property (in this Part of this Schedule referred to as the part eligible for relief) and the value transferred shall then be computed as if the part eligible for relief were [reduced by one half ⁶ .]

5 Repealed by 1981 s.96(3) and Sch. 19, Part IX in relation to transfers of value, distribution payments and capital distributions made on or after 10 March 1981. However, in view of the transitional relief under 1981 s.96 and Sch. 14, reference to these repealed provisions may be necessary.

6 1976 s.74(4), in relation to chargeable transfers made on or after 7 April 1976. Originally "reduced by applying to it the fraction of which - (a) the numerator is the multiplied rental value of the agricultural property; and (b) the dominator is the agricultural value of the agricultural property."