Captain FABERasked the Chancellor of the Exchequer if he is aware that if woodlands are taxed under the Death Duties, and, seeing that an oak wood under a rotation of 120 years will have to pay Death Duties at least three times, and other hard woods under a rotation of 80 years will have to pay at least twice, after the initial expenses of tree-planting have been capitalised and rates and taxes paid, there will be no profit left for any estate or municipality that attempts this form of employment; and, if so, whether he will consider the desirability of exempting woodlands?
§ Mr. HOBHOUSEMy right hon. Friend is considering the question of woodlands in connection with Estate Duties.