Gifts: business assets: agricultural property
Hold-over relief for business assets is normally only available if the asset was used in a trade, profession or vocation carried on by the donee or their family company or group (for disposals before 16 March 1993) or their personal company or group (for disposals on or after 16 March 1993), see CG66940 - CG66942.
TCGA92/SCH7 extends the relief to agricultural property which qualifies for Inheritance Tax agricultural relief. CG66961 tells you how to confirm this with Specialist PT - IHT (formerly CAR - IHT and before that the Capital Taxes Office).
The relief is available whether or not the donee uses the property.