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Forestry

Volume 886: debated on Thursday 13 February 1975

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asked the Chancellor of the Exchequer what is the estimated cost to the revenue in a full year of the concession on capital transfer tax for the benefit of forestry and woodlands.

The details of the treatment of woodlands under the capital transfer tax are still the subject of discussion. The cost of these provisions to the revenue cannot be estimated until the details are decided.