Ritchie notes this:
Investing in woodland
Investing in commercial woodland attracts the flowing tax advantages:
- Capital Gains Tax. As timber grows it will increase in value. This increase is exempt from capital gains tax, but any increase in the value of the land is not exempt.
- Income Tax. Any income or profit generated from woodland is exempt from income tax.
- Inheritance Tax. Commercial woodlands (including both land and timber) qualify for 100 per cent Business Property Relief provided they have been owned for at least two years.
And then tells us that re this flogging off the Forestry Commission thing that:
Pretty much tax free destruction of one of our most valuable natural resources is coming our way soon.
Tax breaks on the growing, ownership, maintenance and management of woodland means that everyone will destroy woodlands?