DEATH DUTIES ON TIMBER
In the editorial of the November issue last year we recommended . strongly that the assessment of the timber value of trees on farms for death-duty purposes should be abolished. In reading his Budget Speech this year the Minister of Finance stated inter alia that the Government recognised the value of trees to agriculture and to the country’s welfare, and announced that henceforth the value of the timber in the trees would be exempt from death duties. At the best, levying death duties on the timber value of trees in farm shelter belts and plantations was an iniquitous imposition and a discouragement to those who wanted to develop their holdings wisely. In many parts of the world, woodlots on farms provide not only shelter for stock and protection for water and soil, but add a tremendous total to the country’s timber supplies. This is important in a world where timber is becoming more valuable with each passing year. We congratulate the Minister on his decision, which will be welcomed by everybody with the interest of the country at heart. We trust that farmers will now plant trees and more trees.
Permanent link to this item
https://paperspast.natlib.govt.nz/periodicals/FORBI19601101.2.8
Bibliographic details
Forest and Bird, Issue 138, 1 November 1960, Page 4
Word Count
193DEATH DUTIES ON TIMBER Forest and Bird, Issue 138, 1 November 1960, Page 4
Using This Item
For material that is still in copyright, Forest & Bird have made it available under a Creative Commons Attribution-NonCommercial 4.0 International licence (CC BY-NC 4.0). This periodical is not available for commercial use without the consent of Forest & Bird. For advice on reproduction of out-of-copyright material from this magazine please refer to our copyright guide.
Forest & Bird has made best efforts to contact all third-party copyright holders. If you are the rights holder of any material published in Forest & Bird's magazine and would like to discuss this, please contact Forest & Bird at editor@forestandbird.org.nz