# Capital Gains Tax Act 1979 (repealed 6.3.1992), Section 112: Grants for giving up agricultural land.

Extent: E+W+S+N.I.

For the purposes of capital gains tax, a sum payable to an individual by virtue of a scheme under section 27 of the Agriculture Act 1967 (grants for relinquishing occupation of uncommercial agricultural units) shall not be treated as part of the consideration obtain by him for, or otherwise as accruing to him on, the disposal of any asset.

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Source: https://www.legislation.gov.uk/ukpga/1979/14/section/112 (the official version)
Page: https://openlegislation.uk/capital-gains-tax-act-1979-repealed-631992/section-112
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.