Part 6Exempt income
Chapter 9Other income
Income from commercial occupation of woodlands
768Commercial occupation of woodlands
1
No liability to income tax arises under Chapter 8 of Part 5 (income not otherwise charged) in respect of income arising from the commercial occupation of woodlands in the United Kingdom.
2
For this purpose the occupation of woodlands is commercial if the woodlands are managed—
a
on a commercial basis, and
b
with a view to the realisation of profits.