Words and Phrases - "bois"
7 November 2011 Internal T.I. 2011-0424641I7 F - Right to cut Christmas trees
Summary Under
Tax Topics - Income Tax Regulations - Regulation 1100 - Subsection 1100(1) - Paragraph 1100(1)(e)Christmas trees are not “timber”
A taxpayer purchased the right to cut, over a period of 10 years, Christmas trees on another taxpayer's land for a lump sum payable over 4 years....