Commentary

V4.113J Supplies in relation to land excluded from exemption—standing timber

Part V4 Exemption, zero-rating and reduced rates

V4.113J Supplies in relation to land excluded from exemption—standing timber

V4.113J Supplies in relation to land excluded from exemption—standing timber

The grant of any right to fell and remove standing timber is excluded from exemption1. This removes the distinction which would otherwise arise between the sale of cut timber and the grant of a right to fell and remove standing timber. Both are taxed at the standard rate (although wood for use as fuel for domestic use will be reduced-rated; see V4.406). However, where the grant consists of land which contains standing timber, it will be exempt (with the option to tax) unless there is a separate and specific grant

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