Agricultural Holdings (Units of Production) (Wales) Order 2006 (W.S.I. No. 2796 (W.235) of 2006).
Type of law
Regulation
Abstract
This Order prescribes units of production for the assessment of the productive capacity of agricultural land situated in Wales and sets out the amount which is to be regarded as the net annual income from each such unit. An assessment of the productive capacity of agricultural land is required in determining whether or not the land in question is a "commercial unit of agricultural land" for the purposes of the succession provisions in the Agricultural Holdings Act 1986. A "commercial unit of agricultural land" is land which, when farmed under competent management, is capable of producing a net annual income which is not less than the aggregate of the average annual earnings of two full-time male agricultural workers aged 20 years or over.
Attached files
Web site
Date of text
Notes
Made under the Agricultural Holdings Act 1986.This Order revokes the Agricultural Holdings (Units of Production) (Wales) Order 2004.
Repealed
Yes
Source language
English
Legislation Amendment
No