Inheritance Tax Changes Threaten UK Forestry Sector's Growth
Recent changes to inheritance tax in the UK are posing a threat to the forestry sector, potentially hindering tree planting efforts. A survey conducted by the Country Land and Business Association (CLA), Confederation of Forest Industries (Confor), and the Royal Forestry Society (RFS) indicates that these tax changes may discourage landowners from creating new woodlands. The survey, which included over 200 woodland owners and estate managers, found that nearly 60% are now less likely to plant trees. This reluctance conflicts with the government's environmental goals and could lead to earlier timber harvesting, woodland sales, and reduced investment in woodland management. 
