164 ENGLISH WOODLANDS 



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, 53 & 54 Vic. c. 8 

 (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. 



Under both the Acts of 1915 and 1916 the 

 right to claim assessment under Schedule D is 

 limited to the case of woods managed on a 

 commercial basis, and the election is irrevocable 

 so long as the woodlands are occupied by the 

 person making the election. Under the earlier 

 Act the election extends to all the woodlands 

 on the same estate. Under the later Act an 

 owner can claim to have the woods planted or 

 replanted since July 19th, 1916, treated for the 

 purpose of Income Tax as being woodlands on 

 a separate estate. 



A doubt was expressed by some owners, lest 

 by electing to be assessed under Schedule D 



