Where a person's estate at death includes non-agricultural woodlands, an election may be made under IHTA 1984, s. 125, to have the value of the trees or underwood (but not the land itself) left out of account, in calculating inheritance tax on the estate.

In effect, the relief operates as a deferment of tax until a subsequent disposal of the trees. If no disposal occurs before the next transfer on death, the relief becomes absolute.

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