Yle reported yesterday that Land – and forest owners the central union (MTK) wants the tax relief to Finnish forest owners. The organization is targeting now the forest reduction in the increase of 60% to even 90%.
MTK is concerned that the different funds have increased in recent years, forest ownership significantly. The organization fears that domestic forests will soon be ”faceless investors” under control. This MTK expressed concern already in the spring of Rural Future in an interview (you move to another service).
When the forests gradually move to foreign ownership, nobody knows where the money comes from. Especially problematic is when the state supports the development of the capital income tax rate a lower corporate income tax rate, the field manager Lauri Tapio said.
the Economy-according to the newspaper fund have increased their forest holdings of considerably in the last few years (switch to another service). The forest fund of at least half-owned forest farms area was in 2013, only 26 000 hectares, but in 2016, the holdings had grown already 260 000 hectares.
But are the funds really behind the faceless, foreign investors?
”They are 99 percent Finnish smallholders ‘ to”
the forest status in the market and the price development of the following Hansel Liljeroos evaluates to Yle, the Finnish market for around 80% of buyers are domestic.
This year is the largest institutional buyers have been Tornator Oyj, OP the forest owner fund and Forest Holding Finland I Ky, Liljeroos tell.
Tornator group’s activity is wood production and logging rights sales. It was owned by the end of last year 616 000 hectares of Finnish forest.
With the OP’s fund is one of the three Finnish special investment fund. It manages 75 000 hectare of forest.
OP:n in addition to United Bankers can be found on the UB Forestry fund and FIMiltä as well as the S-Bank joint FIM Forest/S-forest fund. United Bankers tell you that they are placed 113 000 Finnish forest hectares. Fim’s and the S-Bank fund of the Finnish forest is, in turn, 16 000 hectares.
All the answer is clear: customers are ordinary, Finnish retail investors. FIM Forest/S-forest fund of fund manager Timo Hakulinen tell you, that the fund owners are 99% of the Finnish small investors, many of whom devote himself more forest.
OP:no portfolio manager Tapio Dill is on the same line.
Many of our customers may be, for example, the helsinki metropolitan area, as here is difficult to buy the forest, Dill said.
Portfolio manager Kari Fabric United bankers of the walk.
Fund is an easy way to get caught forest investments, Cloth tell.
Funds on the market is a small
OP Tapio Tilli estimates that foreign investors are a rare sight on the forest market.
They ran into a few years ago a lot, but at the moment their is very little. Finland is the sale of mostly small farmlands and they do not foreign investors interested, he said.
Also, domestic funds have so far been small players.
the Market is like 140-160 million per year. Don’t funds from in proportion to the acquisition, United Bankers, Kari Fabric estimates.
All the funds emphasize that their forests are certified, and they are managed sustainably. Tapio Tilli, according to the OP:no forest owner fund has for example been average to be more careful in the woods beating.
a government program is not the line of forest reduction
the Overeating is not today reached the minister for agriculture and forestry Jari Alder (kesk.) or finance minister Mika Lintilää (kesk.) to comment on the MTK proposal.
the Centre of the parliamentary finance committee, the vice-president of Antti beach fabric stated that the forest reduction of lifting are recorded in the government programme.
– yes dealt with the government negotiations, but it is not born posted, he said.
beach fabric recalls that the situation in the market may also change. At some point, foreign owners may be more interest in the Finnish forests.
the social democrats in the survey were directed to the finance committee to the chairman of the John Koskinen . He felt that the forest reduction of lift of the other new openings tax.
I Should send that to caulk the old holes. The government programme it is stated that the possibility to inherit real estate investments income from a reasonable tax, he said.
Read more:
MTK was worried about forest ownership, the cast of “faceless investors” – demanded tax relief for private forest owners
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