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Forestry (Taxation)

Volume 129: debated on Thursday 10 March 1988

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99.

To ask the Chancellor of the Exchequer what is his estimate of revenue forgone by the Exchequer in the last financial year as a result of taxation incentives for forestry development.

The income tax forgone is about £10 million. No information is available on which to base an estimate of the cost of capital tax reliefs.