If you have surplus cash then it makes sense to invest it and get it working for you. There are, of course, many ways to do this. With interest rates remaining low for the moment, buying woods or a forest is becoming increasingly popular.
Recently the value of commercial woodlands has been increasing and they offer many tax advantages for investors.
For example, where there is a commercial occupation of woodlands in the UK, the income and profits made from sales of the timber are not subject to income tax or corporation tax.
In an article which first appeared in The Economic Voice under the Heading: Are commercial woodlands a good place to invest surplus business cash? Carol Cheesman gives useful advice for the would-be investor.
There are certainly many benefits. But it’s not all straightforward.
There are issues relating to Income Tax and Corporation Tax, Capital Gains Tax, Inheritance Tax, VAT and Stamp Duty. You can read the full article by following the link above and for further advice contact Cheesmans.
Comments are closed.