Part 3

Trading income
Chapter 2

Income taxed as trade profits

Trades and trade profits

Commercial occupation of woodlands
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1
The commercial occupation of woodlands in the United Kingdom is not a trade or part of a trade for any corporation tax purpose.
2
For this purpose the occupation of woodlands is commercial if the woodlands are managed—
a
on a commercial basis, and
b
with a view to the realisation of profits.
3
See also sections 208 and 980 (which, when read with this section, secure that profits or losses from the commercial occupation of woodlands in the United Kingdom are ignored for corporation tax purposes).