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<p>Where businesses dispose of assets, they may qualify for capital gains tax relief
if the proceeds are reinvested in new business assets (known as Business Asset Rollover
Relief). Land used for “short rotation coppice” (i.e. cutting back a tree at intervals
of less than 10 years to harvest the stems) is defined by statute as land used for
farming activities. Forestry businesses on woodland where trees are felled less frequently
may still qualify for this relief, where they can demonstrate that the woodland is
managed on a commercial basis and with a view to the realisation of profits.</p>
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