428 MISC. PUFLICATION 218, U. S. DEPT. OF AGRICULTURE 
of sporting rights on areas which are suitably wooded may be assessed 
at about 2s. 6d. ($0.61) and the annual value of the woodland at 
about 2s. ($0.49) per acre. 
As indicated before, the schedule A assessment is subject to a 
statutory allowance for repairs. This allowance in the case of wood- 
lands is one-eighth of the assessment. Ins special cases deductions are 
also allowed for the cost of maintenance of sea walls and embank- 
ments against tidal rivers and for drainage rates charged by a public 
assessment to meet the cost of draining farm land or embanking land 
liable to flooding. A landowner may claim an additional deduction of 
an amount by which the actual cost of maintenance, repairs, insur- 
ance, and management, according to the average of the preceding 5 
years, has exceeded the statutory allowance for repairs. The amount 
of the tithe paid on account of a woodland subject to this charge may 
also be deducted from the schedule A assessment before computing 
the tax. 
Under schedule B agricultural lands and woodlands are taxed in 
respect to the income from occupation, which, as stated above, is 
assumed to be one-third of the annual rental value before deductions 
as assessed for the purposes of schedule A. When woodlands are 
managed on a commercial basis, an allowance of one-sixth in respect 
of earned income, subject to a maximum allowance of £250, may 
be made. 
An example of an actual assessment under schedules A and B fol- 
ows: 
Area, 406,378 acres. 
Schedule A: #5 Felted: 
Gross) assessment of: annualsvalue 2.2.0: sire ee Pe ee ee 145 0 0O 
£ Sade 
Deduct one-eighth for statutory allowance for repairs. 18 0 O 
MesSHtLt Wes 5s .75 Se ek iy ap Se ye en ae I Be 34.0 0 
52e Oa O 
Neétsasséssment 2 te: Seas Ss See = FAS ate» epee 932° 0250 
Schedule B: 
One-third of gross assessment for schedule A_________________- 48 siee0 
gl RCo) it'll 2 capa CO ad A te EES BAN 8 pee Vite eC 14d Ses 
Instead of having the income from woodlands assessed in the 
conventional manner under schedule B, landowners may elect (under 
Finance Act No. 2, 1915, and subsequent amendments) to make a 
return of the actual income, in which case they are assessed under 
schedule D (profits from businesses, professions, etc.). In order to 
obtain this privilege, proof has to be supplied that the woodlands are 
being managed on a commercial basis with a view to the realization 
of profits. 
This option confers a great benefit on those owners who engage in 
planting, for the following reasons: 
In the first place, the costs of making and keeping up plantations 
need not be treated as capital, but are allowed as current expenses in 
the management of woodlands. These costs incluce the schedule A 
net assessment as equivalent to rent. 
Secondly, for the purposes of this option woodlands which are being 
currently ‘planted or replanted or which have been planted or re- 
planted since July 19, 1916, may be treated as woodlands on a separate 
estate. Thus those woodlands on which a loss is necessarily incurred 
