Procedures by which Immovable Property Tax is not Imposed on Land under Regenerated or Newly Established Forest Stands

Issued pursuant to Section 1, Paragraph 7
of the Law On Immovable Property Tax

1. These Regulations prescribe the procedures by which immovable property tax (hereinafter - tax) is not imposed on land under regenerated or newly established forest stands.

2. These Regulations shall apply to the forest stands which have been recognised as regenerated or newly established (hereinafter - forest stands) by the State Forestry Service and the age of the trees of the dominant tree species of which in the current taxation year does not exceed:

2.1. for conifers - 40 years;

2.2. for hard broadleaves - 40 years;

2.3. for soft broadleaves (except white alder) - 20 years; and

2.4. for white alder - 10 years.

3. The tax shall not be imposed on the forestland under the forest stands provided that a forest inventory has been conducted therein in accordance with the procedures prescribed by regulatory enactments.

4. The State Forestry Service shall prepare the following information regarding the land under forest stands and regarding which tax is not imposed (for each unit of land):

4.1. the area of the forest stand;

4.2. the sum of hectare points of the forest stand; and

4.3. the reduction of the sum of hectare points of the forest stand.

5. The State Forestry Service shall submit the information referred to in Paragraph 4 of these Regulations to the State Land Service within the following time periods:

5.1. regarding the predicted situation on 1 January of the next taxation year - until 1 April of the current taxation year; and

5.2. regarding the situation on 1 October of the current taxation year - until 15 November of the current taxation year.

6. The State Land Service shall register the land on which tax is not imposed and which is under forest stands with the State Cadastre of Immovable Property Register and submit the updated information to local governments.

7. The State Land Service shall acquire information regarding the land under forest stands in the State Forest Register.

Prime Minister E. Repše

Minister for Agriculture M. Roze

Translation © 2003 Tulkošanas un terminoloģijas centrs (Translation and Terminology Centre)