Woodlands
24/02/1993
Query
A person intends to plant a small area of holly. Small amounts of foliage can be harvested after 3 years but the main harvest will arise after 6 to 10 years. Is the profit arising from the sale of the holly exempt under Section 232 Taxes Consolidation Act 1997
Decision
The profits from the sale of foliage from holly bushes are not regarded as profits arising from the occupation of woodlands and are therefore not exempt.
Income Tax
Section 232, Taxes Consolidation Act, 1997
Origin: RLS Division
File ref:IT933006
23/01/1996
Query
Are profits from the planting and harvesting of Christmas trees exempt under the section.
Decision
Yes
Income Tax
Section 232, Taxes Consolidation Act, 1997
Origin: RLS Division
File ref:IT 96 3506