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Home / Simons-Taxes /IHT, trusts and estates /Part I7 Special reliefs /Division I7.4 Non-agricultural woodlands /IHT treatment of non-agricultural woodlands / I7.402 Non-agricultural woodlands—nature of the relief
Commentary

I7.402 Non-agricultural woodlands—nature of the relief


IHT, trusts and estates

For any deaths before 6 April 2024, if any part of the value of a person's estate immediately before his death is attributable to the value of land in the UK or an EEA state on which trees or underwood are growing but which is not agricultural property:

  1. Ìý

    •ÌýÌýÌýÌý the value of the trees or underwood is left out of account in determining the value transferred on his death, but

  2. Ìý

    •ÌýÌýÌýÌý IHT is chargeable on any later disposal (see I7.404) of trees or underwood on the basis and at the rate prescribed1 (see I7.405)

For deaths on or after 6 April 2024, relief is available only on

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