PARLIAMENTARY WRITTEN QUESTION
(10 July 2025)
Question Asked
To ask the Chancellor of the Exchequer, whether she has made an assessment of the potential merits of removing the tax exemption from woodlands.
Asked by:
Dr Simon Opher (Labour)
Asked by:
Dr Simon Opher (Labour)
Answer
Income Tax and Corporation Tax do not apply to woodlands managed on a commercial basis and with a view to making profits. This treatment was introduced in 1988 to prevent high-income individuals sheltering other income from tax by setting it against expenditure on forestry.
Answered by:
()
Contains Parliamentary information licensed under the Open Parliament Licence v3.0.