Planting woodland is one of the key elements of the new UK 2050 climate change target and it is understood from specialist land agents that hill farms and bare land with potential for planting trees have recently attracted unprecedented sales prices due to competitive bidding from ‘commercial forestry investors’
This is good news for farmers and landowners but may also serve as an exciting new route for investors and whats more, there are potential tax benefits as commercial woodland can qualify for business property relief and if part of a farm can benefit from agricultural property relief.
Please don’t hesitate to get in touch it you would like to explore this further.
source: SBTF Newsletter August 2019