168 ENGLISH WOODLANDS 



timber. It is probable that there will be very 

 few cases in which it would be advisable to 

 claim to be assessed under Schedule D for 

 mature woodlands which during the years of 

 growth had been assessed under Schedule A. 



DEATH DUTIES 



Death Duties on timber are at present regu- 

 lated by 9 of the Finance Act, 1912 (2 & 3 

 Geo. V. c. 28), which provides : 



Where an estate in respect of which Estate 

 Duty is payable on the death of a person dying 

 on or after the 30th day of April, 1909, comprises 

 land on which timber, trees, wood, or under- 

 wood are growing, the value of such timber, 

 trees, wood, or underwood shall not be taken 

 into account, in estimating the principal value 

 of the estate or the rate of Estate Duty, and 

 Estate Duty shall not be payable thereon, but 

 shall at the rate due to the principal value of 

 the estate be payable on the net moneys (if 

 any) after deducting all necessary outgoings 

 since the death of the deceased which may 

 from time to time be received from the sale of 

 timber, trees, or wood, when felled or cut during 

 the period which may elapse until the land on 



