Can the trees in a carbon sink forest that qualifies for a tax deduction ever be cut down?
The tax deductions available in respect of expenses for establishing a carbon sink forest are available over a 14 year period if the forest is established on or after 1 July 2012, which the author understands is considerably less than the effective life of a forest. Further, in order for the tax deduction to be granted the primary purpose of such a forest must be to absorb carbon dioxide from the atmosphere.
