1059. Minimum period of ownership, successive transfers, transfers within seven years before death of transferor and replacement property.

Agricultural property relief does not apply to any agricultural property unless:

  1.  

    (1)     it was occupied by the transferor for the purposes of agriculture throughout the period of two years ending with the date of the transfer; or

  2.  

    (2)     it was owned by him throughout the period of seven years ending with that date and was throughout that period occupied (by him or another) for the purposes of agriculture