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High earner's tax restriction stunting growth of forestry

With Budget 2014 today, forest owners should have been lobbying their TDs and the Department of Finance over the last few weeks in order to secure some much-needed revisions to the current tax rules on forestry income.

For many years now, the relevant section of the Finance Act has decreed that "income arising from the occupation of woodlands managed on a commercial basis and with a view to the realisation of profits is exempt from income tax".

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