Published on 14 Mar 12
by NATIONAL DIVISION, THE TAX INSTITUTE
This paper covers:
primary production defined
farm management deposits (ITAA97 DIV.393)
succession planning & taxes
non commercial losses
tax concessions specific to primary producers
GST review - How does it specifically affect primary producers?
small business entities
recent changes to trust law and impact on primary producers.
CTA Judy Snell, ATIA, is a Director of RSM Bird Cameron based in
Moora, rural Western Australia. She manages a practice which
is largely rural based; specialising in tax advisory and succession
planning. Judy is a CPA and Fellow of the Institute of Directors and
a member of the Australian Institute of Arbitrators and Mediators.
Judy had previously worked in accounting; stepping out of the
practice for 12 years to have a family. In that period she worked
as a consultant in the agribusiness area, sitting on several state
and federal boards relating to agriculture. Succession planning for
SME, particularly farming, is of particular interest to her, presenting
regularly at seminars and industry groups in this area. Current at 01 March 2012
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
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