Part 10

Miscellaneous income
Chapter 8

Income not otherwise charged

Exemption for commercial occupation of woodlands in UK
980
1
No liability to corporation tax arises under this Chapter in respect of income arising from the commercial occupation of woodlands in the United Kingdom.
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.
Pt. 10 Ch. 8 modified by 2010 c. 8, s. 259CE(7) (as inserted (with effect in accordance with Sch. 10 paras. 18-21 of the amending Act) by Finance Act 2016 (c. 24), Sch. 10 para. 1)
Pt. 10 Ch. 8 modified by 2010 c. 8, s. 259ED(8) (as inserted (with effect in accordance with Sch. 10 paras. 18-21 of the amending Act) by Finance Act 2016 (c. 24), Sch. 10 para. 1)
Pt. 10 Ch. 8 modified by 2010 c. 8, s. 259DG(7) (as inserted (with effect in accordance with Sch. 10 paras. 18-21 of the amending Act) by Finance Act 2016 (c. 24), Sch. 10 para. 1)
Pt. 10 Ch. 8 modified by 2010 c. 8, s. 259GE(7) (as inserted (with effect in accordance with Sch. 10 paras. 18-21 of the amending Act) by Finance Act 2016 (c. 24), Sch. 10 para. 1)
Pt. 10 Ch. 8 modified by 2010 c. 8, s. 259GD(8) (as inserted (with effect in accordance with Sch. 10 paras. 18-21 of the amending Act) by Finance Act 2016 (c. 24), Sch. 10 para. 1)