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  News - 11 June 2008

ITC's Highly Rated Tax Effective Forestry Investment Products Available to 30 June

"There has never been a better time to invest in forestry" ITC Chief Executive Officer, Vince Erasmus, boldly stated today.

Mr Erasmus said that an investment in forestry offered an opportunity to diversify in to a sector that is not correlated with volatility in equity or property markets and offers competitive returns relative to risk through investment in a renewable, sustainable and natural product.

Mr Erasmus dismissed as totally incorrect some media commentary appearing today stating that upfront investments in forestry managed investment schemes (MIS) will no longer be tax deductable.

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