Inheritance Tax Changes Reduce UK Woodland Investment Intentions
Approximately 60% of UK landowners indicate decreased likelihood of investing in new woodlands due to inheritance tax changes. This trend could jeopardize future timber supplies and environmental targets.
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A recent survey by the Country Land and Business Association, Confederation of Forest Industries, and Royal Forestry Society reveals that nearly two-thirds of UK landowners are less inclined to invest in new woodland due to alterations in inheritance tax thresholds. This could adversely affect timber supply, carbon storage, and nature recovery efforts.
Concerns have been raised about family-owned woodlands potentially being sold or harvested prematurely to mitigate tax liabilities. The CLA and other organizations are poised to collaborate with the government to address these challenges, as current trends threaten to undermine legally binding environmental targets.
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