B5.130 Exemption for woodlands
Income derived from the occupation of commercially-managed woodlands in the UK is outside the scope of income tax and corporation tax1. The tax position of the sales of timber, Christmas trees and short rotation coppice are considered at B5.106. It follows from this that the proceeds of the product (eg felling and selling the timber) from such woodlands are free of income or corporation tax and the value of the growing timber is not subject to income tax, corporation tax or capital gains tax2. The commercial occupation of land that comprises woodlands or is being prepared for use for forestry purposes is statutorily excluded from the charge on trading profits3. Provisions also ensure that income from the commercial
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