Importance of the commercial use of woodlands

In The How Development 1 Ltd (TC8194) the First-tier Tribunal determined that the purchase of a substantial property and grounds consisted entirely of residential property and was subject to higher residential rates of stamp duty land tax.

This case shows that to help the future purchaser of a property with large grounds it is important to plan ahead for stamp duty land tax considerations. We are not suggesting that in these situations there is scope to create a case for mixed use when in reality there is none. Rather one should look at the potential for the commercial use of woodland in this current climate. The mixed rate of stamp duty land tax can be advantageous so having woodland operating as commercial rather than as recreational or even undisturbed should be looked at.

The How

The How Development 1 Ltd (How Ltd) was a...