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Claiming a deduction for carbon sink forest expenses

Businesses can claim a deduction for expenses incurred establishing trees in a carbon sink forest.

Last updated 19 June 2024

You can claim a deduction for expenses incurred in establishing trees in a carbon sink forest.

This deduction encourages the establishment of carbon sink forests for the purpose of carbon sequestration, which is the process by which trees absorb carbon dioxide from the atmosphere.

To claim this deduction, you must meet certain conditions.

 

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