asked the Minister for Finance if he will extend the business expansion scheme package to companies and individuals who invest in afforestation projects in order to encourage private investment in this sector; and if he will make a statement on the matter.
Written Answers. - Business Expansion Scheme.
50.
I have no plans to extend the scheme referred to by the Deputy in the manner suggested. Forestry enjoys very generous taxation treatment; the profits are exempt from both income tax, corporation tax and no capital gains tax arises on the sale of trees by individuals.