Where woodlands situated within the UK or in an EEA member state (as extended by FA 2009, s. 122) are transferred on death, the person who would be liable for the tax can elect, within two years of the death, to have the value of the timber left out of account in valuing the deceased's estate. (See ¶613-150 for a further discussion).

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.