Forestry in Scotland: bonus or blight?

Article Abstract:

Scottish hill country may eventually disappear under coniferous forest plantations unless government policy changes. Nearly 90 percent of planting of forests in Great Britain takes place in Scotland, where statutory controls on afforestation are very limited. The only real afforestation controls in Scotland are voluntary, under administration of the Grant Scheme. The Scottish public has no effective local opportunity to comment on forest planting. Forestry yields are small, providing planters with top returns of only seven percent annual real yields, even with grants and tax reliefs. Forestry appeals to landowners because land values increase, highly taxed income can be turned into capital, and tax-free income results at the end of the 40-to-50 year growth cycle. Most of the land for afforestation is former sheep grazing land.

United Kingdom, Forests and forestry, Forests, Forest policy

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Current events in share valuation

Article Abstract:

Professional investors base share valuations on an understanding of the intent of the valuation and the nature of share holding, the size of the holding, and market factors. Share valuations fluctuate in reaction to market conditions and government legislation. Principal changes that have occurred in the last 12 months in Scotland that have influenced share value include: the 1988 finance Act, which allowed the substitution of March 1982 values for original cost in the computation of capital gains; and the 1989 Finance Act, which restricted holdover relief on family gifts and encouraged companies to establish Employee Stock ownership Plans.

Finance, Stocks, Accounting and auditing, Accounting, Valuation

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