5. The eligibility conditions are that—
(a)the applicant—
(i)was eligible for, and claimed, direct payments under the basic payment scheme(1) in, or before, the claim year 2018;
(ii)inherited agricultural land on, or after, 16th May 2018; or
(iii)succeeded to an agricultural holdings tenancy on, or after, 16th May 2018;
(b)the applicant has met the requirements set out in regulations 6 and 8(1) and, where relevant, (3);
(c)where the applicant—
(i)is a partnership and the lump sum is payable in respect of one or more partners in the partnership with an interest, or a combined interest, of 50% or more in the profits of the partnership, such partners cease to be a member of the partnership; or
(ii)is a body corporate and the lump sum is payable in respect of one or more members of the body corporate who, solely or jointly, hold 50% or more of the equity share capital in that body corporate, such members cease to be a member of the body corporate.
The “basic payment scheme” is defined in section 7(2) of the Act. A “direct payment under the basic payment scheme” has the meaning given in section 7(5) of the Act.