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Tax break extended for forestry schemes
13 May 2005
Investors will continue to be able to claim tax deductions for any up-front subscriptions paid to a managed investment scheme that specialises in forestry plantations. The tax concession will now continue until 2008. The concession was otherwise due to expire in 2006. The tax treatment has always been a major selling point for forestry schemes. Other horticultural investment schemes, such as vineyards, do not enjoy the same tax concession.
Financial Review, 13/05/05
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