What is a plantation forestry managed agreement?



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You have a plantation forestry managed agreement in the year in which you incur prepaid expenditure if:

  • the arrangement entered into is for the planting and tending of trees for felling
  • you do not have day-to-day control over the operation of the agreement
  • at least one of the following is met:
    • more than one taxpayer participates in the agreement, or
    • the manager, arranger or promoter of the agreement, or an associate, carries out similar activities for other taxpayers.

Agreements entered into where trees are planted for the purpose of obtaining harvest from fruit or other produce are not plantation forestry managed agreements.

Last modified: 18 Jun 2002QC 27429