TCGA92/S250 (1) & (2)

Where a woodland is managed by the occupier on a commercial basis, any monies received from the sale of the trees from that woodland are exempt from Capital Gains Tax, TCGA92/S250 (1). This exemption applies whether the trees are standing or have been felled.

TCGA92/S250 is restricted to woodland which is managed on a commercial basis and with a view to the realisation of profits. Apportionment of the value between land and trees plus saleable underwood is not applicable to agricultural or amenity woodland.

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