According to Bidwells, a large forest, the territory of which counts more than 1,700 acres has been put on sale for more than £1.3 million.
The Rhubodach Forest, which is currently privately-owned and located at the north end of Bute – a magnificent island of the west coast of Scotland. The forest is located in a "dream and magical" place, yet, still represents a wise "green and tax efficient investment".
The most of 1,734 acres’ territory of the Rhubodach Forest is comprised of sitka spruce – a large evergreen tree, which is of major importance for the timber industry. Sitka spruce has a wide range of commercial uses, from packaging boxes and musical instruments (piano, guitar, violin, harp) to boat, ship, aircraft and Trident missile construction.
Bidwells’ selling agent says that potential buyers of the Rhubodach Forest might find the balance between commercial investment opportunity and amenity that the site offers quite attractive. It is worth noting that one of the entrances to the Rhubodach Forest is 800 away from the the Rhubodach ferry slipway.
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.
In addition to this type of commercial use of the Rhubodach Forest, it should be noted that the place is a Site of Special Scientific Interest (SSSI). A number of important and rare bird populations, such as golden eagles, merlin, hen harriers, and black grouse, as well as several ancient woodland sites are located on the territory of the forest.
