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Environmental, Campaign & Website News > Tax relief suggested for forests

Tax relief suggested for forests

Date : 19th March 2010, Source : The Telegraph (UK)

Farmers who plant forest should be exempt from inheritance tax, an influential committee of MPs has suggested. The Environment, Food and Rural Affairs (EFRA) Committee said millions more trees need to be planted across Britain to tackle climate change and improve the environment. To encourage landowners to plant trees, they called on ministers to provide tax relief for farmers who plant trees. At the moment agricultural land is exempt from inheritance tax, but it is more difficult to get exemptions for land with trees.

Document last updated on Wednesday 01 August 2018

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