Stalking & Woodland Procurement Service

Change to Capital Gains Tax (Rules) WEF: 06 April 2008 . Changes introduced by the present Government will introduce a Capital Gains Tax of 18% on the proceeds from sale of woodlands and farmland contracted for sale after that date. This was mentioned in the pre-budget report of 09 October 2007 as a new single rate charge of CGT of 18%. That  rate will apply to all, individuals, trustees, personal representatives and to all assets personal or business .The annual exemption amount will remain for individuals at £9,200. Both indexation and Taper Relief (introduced 06/04/98 ) is to be withdrawn. Any clients wishing to dispose of woodlands please contact Roger Buss ASAP Many of our clients wish to experience the pleasure that comes from owning their own land, on which to pursue their hobby. No longer do you need to be fabulously rich to own your own woodland, as small woodlands are becoming available from £10,000. Many of the woodlands that were planted in the 1970 and 80's resulted in huge swathes of fast growing conifer spreading over our countryside. However changes made in 1988 to the (generous) tax incentives, have encouraged the planting of slower growing broad leafed species, such as oak, ash and beech trees. The Forestry Authority has also released parts of its forestry stock, in small parcels, which are affordable by people wishing to own land of their own. Woodland owners, apart from enjoying their sporting rights, may apply for a felling licence which will allow them to fell specified trees for sale. Under the present tax regime owners pay no income or capital gains tax on any profits they make from selling timber. Woodlands are also free of inheritance tax, providing it has been owned for more than 2 years. If an owner wishes to improve his woodland, then a grant may be available from the Forestry Authority or local government for restocking, planting and management. We can assist by offering a sporting land procurement service covering the acquisition of woodlands and arable land with freehold sporting rights. We regularly obtain details of land and sporting which is being offered for sale, and this information is evaluated before being offered for inspection by clients who have registered their specific interest with us. The sporting rights of game shooting, vermin control and the deer stalking rights can also be purchased outright or let for seasonal periods by lease or licence.