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HMRC internal manual

Capital Gains Manual

From
HM Revenue & Customs
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Compensation: displaced tenants: agricultural tenancies: wasting asset

An agricultural tenancy or farm business tenancy to which ATA 1995 applies, see CG72380, does not have security of tenure, and will usually be a wasting asset. The predictable life of the tenancy has to be determined as a question of fact at the time it is acquired.