IHTA84/S16 applies to the grant of a tenancy of agricultural property (IHTM24000). The grant is not a transfer of value (IHTM04024) if three conditions are satisfied. The conditions are the

tenancy is for agricultural purposes (IHTM24060)

tenancy is granted for full consideration in money or money's worth,

property is in the United Kingdom, Channel Islands or the Isle of Man.

The grant of an agricultural tenancy is rarely reported to this office. If your investigations suggest that a tenancy may have been granted, you should

find out when, how and in whose favour the grant was made, and

on receipt of the information, refer the case to Technical.

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