Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

The clawback trigger event is being amended to clarify that all types of disposals, including part disposals, within the specified period, other than a lease to an active farmer, will trigger a clawback of the relief unless there are proceeds and those proceeds are invested in replacement agricultural property within one year. This is achieved by the substitution of “in whole or part, other than by way of a lease referred to in paragraph (iii) of the definition of ‘farmer’ in subsection (1)” for “or compulsorily acquired”. This amendment clarifies that all types of disposals within the specified period, other than leases to active farmers in those circumstances, will trigger clawback of the relief.