Section 95 Commercial woodlands

This section provides partial relief from stamp duty in respect of certain instruments relating to the sale or lease of land on which “trees” are growing. The partial relief is given by providing that the value of any trees growing on the land at the time the land is sold or leased will not be taken into account if—

• the trees are being managed on a commercial basis with a view to making a profit,
• the trees are growing on a substantial part of the land.

This exemption does not apply to gifts. While “substantial” is not defined the Revenue Commissioners will consider each case on its merits.

Relevant Date: Finance Act 2014