Capital gains tax | Commentary

C2.105 Woodlands

Capital gains tax | Commentary

C2.105 Woodlands

Any consideration for the sale of trees or saleable underwood1 is excluded in computing the gain or loss arising on the disposal by the occupier of woodlands managed by the occupier on a commercial basis and with a view to the realisation of profits2. This exemption corresponds to the exemption for income arising from the occupation of such woodlands (see B5.130).

The same exclusion applies3 to capital sums received under an insurance policy in respect of the destruction of, or damage or injury to, trees or saleable underwood4 by fire or

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