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HMRC internal manual

Capital Gains Manual

Compensation: exempt payments to farmers

Exempt payments to farmers

TCGA92/S249 used to provide that any payment received by a farmer under Section 27 Agriculture Act 1967 be ignored for Capital Gains Tax purposes.

This provision was repealed with effect for disposals on or after 6 April 2013.

The guidance on this provision has now been archived.


Ancient field monuments

If an individual agrees to protect an ancient field monument situated on land occupied and used for arable farming or forestry, the Department of the Environment or another public body may make a token payment in return. Such payments will normally be part of the income of the recipient, see BIM55230 (but note non-taxable).