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The Chancellor has cleared the way for individuals and couples to buy woodlands in a tax efficient way. Changes to the inheritance tax relief on commercially managed woodlands have made it easier for couples to shelter their assets from inheritance tax (IHT). Specifically, the £1m IHT allowance per person is now transferable between spouses. Chancellor Reeves has reinforced and extended the allowances for individuals and couples seeking to benefit from HMRC’s favourable tax t

For many first-time woodland owners, the idea of harvesting timber can feel at odds with protecting the environment. However, when...

Inheritance tax (IHT) is a key consideration for anyone planning how, when and if to pass on wealth to the next generation. This wealth...