WRITING in this month's Forestry Journal, our 'house' forester, Tanarus, touted the idea of bringing back the famous Schedule D.
Commonly used, this allowed the costs of new planting to be set against high rates of tax, making establishment costs allowable for income tax relief.
READ MORE: Forester's Diary (August 2022): Schedule D and the impact of taxes on forestry
However, Chancellor Nigel Lawson removed Schedule D tax relief on forestry expenditure in 1988.
Since then, many have called for its return (or for the introduction of something similar). And with the UK repeatedly missing its tree-planting targets - the country didn't even plant half of its hectare goal in the most recent annual period - the clamour has only grown in some circles.
But do you think this would be the best approach? We want to hear from you. Let us know in our poll below.
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