Taxation in Relation to Forestry and Woodlands

Income Tax and Corporation Tax

Profits or gains from the occupation of woodland in the State which is managed on a commercial basis and with a view to a profit are exempt from Income Tax and Corporation Tax (but not Universal Social Charge and Pay Related Social Insurance)

Capital Gains Tax

In the case of individuals, the value of the standing timber is not taken into account for CGT purposes. Where an individual disposes of woodlands, capital gains tax is chargeable on the lands only and not on the trees growing on the lands.

For full information on taxation of profits from the forestry, please consult the Revenue Operational Manual.