Threshold of the 75% transfer-duty exemption on rural property under long-term lease raised to €300,000

Article 46 of the 2019 Finance Act raises from €101,897 to €300,000 the limit up to which gifts and inheritances of rural property let under long-term leases and of shares in agricultural land groups benefit from a 75% exemption from transfer duties (Art. 793 bis of the General Tax Code), with the 50% rate applying above it. With no specific date, the measure applies from 1 January 2019 (Art. 1, II, 3° of the law).