Background & Purpose
To maintain a healthy balance of land ownership between private individuals and companies, the government identified a need to tighten the rules for how agricultural property is transferred.
The Decision
The parliament approved new rules requiring companies to apply for a special permit when acquiring agricultural land through a will or from the General Inheritance Fund.
Does this affect you?
- Companies: Businesses that inherit or receive agricultural land must now go through a permit process to complete the acquisition.
- Inheritance Fund: The fund must now consider the new permit requirements when transferring agricultural property to legal entities.
In Practice
- Companies can no longer automatically take over agricultural land via a will without a permit.
- Acquisitions of agricultural land from the General Inheritance Fund will now require official approval.
- The new rules aim to prevent companies from bypassing existing land ownership regulations.
- The changes will be fully implemented starting on January 1, 2027.
