The event, organised by leading Scottish accountants Campbell Dallas and land agent and forestry specialist Galbraith, will outline the current Government position on forestry in Scotland and the incentives available (to farmers and landowners) for specific schemes such as new woodland creation, growing timber for biomass or agro-forestry.
Other topics being covered include woodland management, tax reliefs and VAT issues.
Athole McKillop, a chartered surveyor, head of the forestry division at Galbraith and former chair of CONFOR (the Confederation of Forest industries), will speak, along with Ian Craig and Veronica Donnelly, Rural Business and VAT Partners respectively with Campbell Dallas. Athole McKillop said:
As a result of strong timber prices, high demand from the biomass sector and Scottish Government policy, there’s been a recent resurgence in the Scottish forestry sector, with healthy returns on offer to woodland owners and investors.
Farmers and landowners can benefit from a range of grants and tax incentives, including grants for new planting which are likely to be extended beyond 2020. Currently over 80% of all new tree planting in the UK is taking place in Scotland. There are good opportunities for creating a forestry enterprise in a rural business from existing undermanaged woodland or from integrating new planting into the wider business.
Ian Craig, rural business expert at Campbell Dallas said:
Woodland planting and forestry management is an increasingly complex business with its own set of financial, tax and VAT rules. There is an attractive range of grants on offer and there is currently considerable encouragement for farmers, land owners and entrepreneurs considering investing in this area. It is important, however, to ensure the right financial strategies and systems are in place so as to maximise the business opportunities and minimize any risk. My colleague Veronica Donnelly, a VAT expert, and I will outline the wide range of financial and tax issues to consider.
Event details and registration
Thursday, 5 September 2019
12 – 2pm (lunch will be provided)
Campbell Dallas, 5 Whitefriars Crescent, Perth, PH2 0PA