I7.305 General definition of agricultural property
For transfers before 6 April 2024, 'agricultural property' is defined as agricultural land and pasture1 situated in the UK, the Channel Islands, the Isle of Man or the European Economic Area2. For transfers on or after 6 April 2024, land must be situated in the UK only; the other conditions remain the same3. For further details as to what constitutes agricultural land and pasture see I7.306.
'Agriculture' is not defined in the IHT legislation but it is defined in both the Agricultural Holdings Act 19864 and the Town and Country Planning Act 19905.
HMRC, using the Acts as a guide6, states
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