Forests: Tax Allowances
Commons · Question 66680 · Tabled 10 Jul 2025 · Treasury · Official record
Answered 15 Jul 2025
Question
Asked by Simon Opher
To ask the Chancellor of the Exchequer, whether she has made an assessment of the potential merits of removing the tax exemption from woodlands.
Answer
Answered by James Murray, 15 Jul 2025
Income Tax and Corporation Tax do not apply to woodlands managed on a commercial basis and with a view to making profits. This treatment was introduced in 1988 to prevent high-income individuals sheltering other income from tax by setting it against expen...