.png)
.png)
Advice is required on the tax implications and advantages of owning a wood.
I have a client who is purchasing an area of woodland. He tells me that his initial plans are to use this as a place of recreation for his family. However he has also mentioned to me that when his children are older and perhaps less interested in running around in the countryside he might consider using it for business purposes.
These plans would I assume be subject to planning permission being obtained but as an example he was wondering whether it might be suitable for paintballing. This led to questions about the tax advantages and this caught me on the hop because I have no other clients owning woodland.
Can readers advise on the present tax position of woodlands? For example are there any special rules relating to running a business on such a site. Further what would the capital...
