Friday, Sep 25, 2009

Bidwells Puts a Unique Piece of Land On Sale

E1 News: Unique Forest in Bude for Sale

According to Bidwells, a UK agency specialising in various property services from sales of houses and land to estate management, a large forest, the territory of which counts more than 1,700 acres has been put on sale for more than £1.3 million.

Posted by farmerjohn12 @ 10:45 AM (1456 views)
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6 Comments

1. cynicalsoothsayer said...

UK sitka spruce forestry barely breaks even, so shipping this lot off the island would put you underwater.

What's this doing on a BTL website, they gonna rent out birdboxes?

Friday, September 25, 2009 01:10PM Report Comment
 

2. mark wadsworth said...

That does put UK land values in perspective though - this stuff is going for £765 per acre. if you scrapped the income tax exemption for forestry (yes, there is such a thing!) and CAP-style land subsidies, what would it be worth then? £250 per acre perhaps?

Compare that with at least £250,000 - £500,000 per acre for average land with residential planning permission. (a lot more in the South East/South West), it's pennies really.

So if you don't fancy paying a couple of grand in Land Value Tax on your home, the answer's simple - sell up and buy a patch of forest and build a hut - you'd end up paying about £10 a year in LVT.

Friday, September 25, 2009 01:33PM Report Comment
 

3. will said...

so not that near to the surfer beach then.

Friday, September 25, 2009 02:08PM Report Comment
 

4. mark wadsworth said...

@ Will, from the blurb:

"It is worth noting that one of the entrances to the Rhubodach Forest is 800 away from the the Rhubodach ferry slipway."

Further...

"Apart from the beauty and amenity of the forest, the site also offers great commercial use, as it has been noted already. According to the selling agent, forestry is considered a safe yet profitable type of investment these days. Bidwells professionals claim that all forestry businesses in the UK are totally free of inheritance tax, and, moreover, are exposed to very low capital gain tax. As for commercial forestry, particularly – timber business – it is exempt from income tax."

Friday, September 25, 2009 03:02PM Report Comment
 

5. rumble said...

Tax exemptions likely to be reduced as the guv tries to scrape up cash?

Friday, September 25, 2009 03:08PM Report Comment
 

6. cynicalsoothsayer said...

Our local estate landowner says that Xmas trees are the only things making a profit at the moment.

Friday, September 25, 2009 04:51PM Report Comment
 

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