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Look at ways to minimise tax bill hit on your forestry's pay-day

The Finance Act states that the occupation of woodlands managed on a commercial basis and with a view to the realisation of profits is exempt from income taxes for individuals and companies.

Accordingly, farmers who planted their land during the last 25 years did so safe in the knowledge that forestry was one of the activities that was both exempt from income tax and was also eligible for a number of other significant capital tax reliefs.

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