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StatuteCorporation Tax Act 2009

Section 980 — Corporation Tax Act 2009: Exemption for commercial occupation of woodlands in UK

Text of the provision Official document

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.

Official source: legislation.gov.uk

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Statutory text from an official public source. Informational content — does not replace advice from a qualified solicitor.