Timber sales and Tax

[woodland dweller]

I know any timber sales from commercial woodland is tax free, but does that apply to round timber sales only.

Say for example i wanted to start selling products made from my timber which would be milled on site and made on site 

would i have to pay tax on any income generated ?

If so could i have two businesses one selling round timber to the second that does the above, the second makes a small

profit whilst its the selling of the timber to the second that generates the income ?

Before i asked my accountant, thought i would ask here first.

[openspaceman]

7 hours ago, woodland dweller said:

I know any timber sales from commercial woodland is tax free, but does that apply to round timber sales only.

Say for example i wanted to start selling products made from my timber which would be milled on site and made on site 

would i have to pay tax on any income generated ?

If so could i have two businesses one selling round timber to the second that does the above, the second makes a small

profit whilst its the selling of the timber to the second that generates the income ?

Before i asked my accountant, thought i would ask here first.

Yes my understanding is that it only applied to standing timber and also that the current owner has not claimed any tax relief on establishment or maintenance costs but tax regimes have changed a lot since I looked at this.

[Johnsond]

On 13/12/2021 at 07:46, woodland dweller said:

I know any timber sales from commercial woodland is tax free, but does that apply to round timber sales only.

Say for example i wanted to start selling products made from my timber which would be milled on site and made on site 

would i have to pay tax on any income generated ?

If so could i have two businesses one selling round timber to the second that does the above, the second makes a small

profit whilst its the selling of the timber to the second that generates the income ?

Before i asked my accountant, thought i would ask here first.

Cash is king its as simple as that.