39 Payments to farmers under the lump sum exit scheme etc
Finance (No 2) Act 2023 (2023 c 30) | Legislation

Chargeable gains

39  Payments to farmers under the lump sum exit scheme etc

(1)     An amount paid to a person (“P”) under the lump sum exit scheme is—

(a)     in a case where P satisfied the eligibility conditions when the payment was made, to be treated as an amount of capital nature that is treated as a chargeable gain accruing to P on the disposal of an asset for the purposes of TCGA 1992;

(b)     in a case where P did not satisfy the eligibility conditions when the payment was made, to be treated as an

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