ihta84/s16.- Grant of tenancies of agricultural property.

[1981 s.97(1).]

16.-(1) The grant of a tenancy of agricultural property in the United Kingdom, the Channel Islands or the Isle of Man for use for agricultural purposes is not a transfer of value by the grantor if he makes it for full consideration in money or money's worth.

[1981 s.97(2);
1984 s.107(3).]

(2) Expressions used in subsection (1) above and in Chapter II of Part V of this Act have the same meaning in that subsection as in that Chapter.