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Seeing the wood from the trees regarding Capital Gains Tax

The Capital Gains Tax (CGT) on forestry has remained unchanged. Commercial woodlands in the hands of an individual are exempt from CGT on the growing timber, though any gain attributable to the underlying land is not.

However, this rarely gives rise to a chargeable gain because it can often be shown that afforestation devalues the land due to the permanent change of use. The CGT exemption does not apply to companies which occupy woodlands.

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