32 TRANSACTIONS OF ROYAL SCOTTISH ARBORICULTURAL SOCIETY. 



tlie Form of Account may now be obtained from any Surveyor 

 of Taxes. 



The provisions of the 1915 Act, quoted above, did not 

 meet with the approval of the landowners, and several 

 amendments were proposed in the course of discussion on the 

 Finance Bill of 19 16, with the object of securing better terms 

 for the encouragement of planting. The Government ultimately 

 submitted an amended clause, which was readily accepted^and 

 it now stands as Section 38 of the Finance Act, 1916, and is 

 as follows : — 



"(i) Any person occupying woodlands who proves to the 

 satisfaction of the Special Commissioners that those 

 woodlands are managed by him on a commercial basis, 

 and with a view to the realisation of profits, shall have 

 the same right under Subsection (4) of Section twenty- 

 two of the Finance (No. 2) Act, 19 15, to elect to be 

 charged under Schedule D, as a person who proves 

 those facts to the satisfaction of the General Com- 

 missioners, but an application to prove those facts 

 in any year in respect of the same woodlands must be 

 made either to the General or Special Commissioners, 

 and not to both. 



"(2) Paragraph (a) of Subsection (4) of Section twenty-two 

 of the Finance (No. 2) Act, 1915 (which provides 

 that the election shall extend to all woodlands managed 

 on the same estate), shall not apply to woodlands which 

 are planted or replanted after the passing of this Act, 

 if the person occupying those woodlands gives notice 

 to the General or Special Commissioners, within a year 

 after the time when they are so planted or replanted, 

 that they are to be treated for the purpose of 

 that paragraph as being woodlands on a separate 

 estate. 



" (3) Section twenty-three of the Customs and Inland Revenue 

 Act, 1890 (which gives relief to trading persons in case 

 of loss) shall, where a person occupying woodlands 

 has elected to be charged to Income Tax in respect 

 of those woodlands under Schedule D, apply to 

 losses on those woodlands as it applies to losses in 

 any trade." 



