Phineas Hirsch, a private client partner at law firm Payne Hicks Beach, says that small pieces of amenity woodland will only be exempt from inheritance tax if it can be proven to be commercially managed as a business in some way.
Click here to read the full article: ‘I bought a woodland for £50k – it’s about investing in a legacy’
For more information on succession and estate planning, please get in contact with Phineas Hirsch or call 020 7465 4300
