Revenue eBrief No. 230/21
20 December 2021
Relief for certain income from leasing of farm land
Tax and Duty Manual Part 23-01-23 - Relief for certain income from leasing of farm land - has been updated to confirm that "lease", "lessee", "lessor" and "rent" have the same meanings respectively as in Chapter 8 of Part 4.
New examples have been included in section 5 to clarify the position -
- where a lessee dies and rights under the lease are assumed by a successor in title (Example 3), and
- where a lessee retires and rights under the lease are assigned to another person (Example 4).