Related Commentary  Related HMRC Manuals

250(1)  Consideration for the disposal of trees standing or felled or cut on woodlands managed by the occupier on a commercial basis and with a view to the realisation of profits shall be excluded from the computation of the gain if the person making the disposal is the occupier.

250(2)  Capital sums received under a policy of insurance in respect of the destruction of or damage or injury to trees by fire or other hazard on such woodlands shall be excluded from the computation of the gain if the, person making the disposal is the occupier.

250(3)  Subsection (2) above has effect notwithstanding section 22(1).

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