429. Completion statement.

In addition to the normal requirements for a completion statement1, the following may need to be considered on dealing with agricultural land:

  1.  

    (1)     value added tax (VAT)2 on taxable supplies, for example farming stock and assets, sporting or fishing rights, entitlement units and quota;

  2.  

    (2)     apportionment of agricultural rents, cottage rents, wayleave payments, sporting or fishing rents;

  3.  

    (3)     payment for fittings being purchased;

  4.  

    (4)     payment for any seeds, cultivations or labour at valuation (plus VAT if applicable);