Published on 20 Aug 2008
| Took place at Hyatt Regency, Adelaide
Agribusiness has always been a cornerstone of the Australian economy. However, the water crisis, the introduction of an ETS, anticipated consolidation of the wine sector, uncertainty surrounding the ATO MIS test case and many other emerging issues continue to subject this sector to ever increasing change.
To address the challenges, market players will significantly rely on their professional advisers to assist them not only with their tax affairs but in dealing with a broad range of new and emerging issues.
At this event, speakers presented a range of topical tax and non-tax issues, including:
agribusiness - topical tax issues
small business CGT relief for primary producers
climate change developments
trusts and succession planning issues
emerging tax issues for wineries and viticulture
primary production concessions.
Get a 20% discount when you buy all the items from this event.
There are a number of emerging issues for the Agribusiness sector. These include the long awaited outcome of the ATO test case for non-forestry Managed Investment Scheme (MIS) projects. This paper covers MIS issues as well as other developments that primary producers and their advisers need to be aware of including:
Primary producers are uniquely positioned in many cases to take advantage of the CGT Small Business Concessions when their properties are sold or restructured. This paper explores these opportunities and illustrates them with practical examples. Topics covered include:
issues and opportunities with $2M turnover - small business entity test
use of concessions for family land restructures
specific issues for primary producers concerning maximum net asset value test and active assets test
CGT planning opportunities
optimal primary production land holding structures.
The proposed emissions trading scheme will have dramatic implications for agribusiness and the various primary production industries. This paper provides an insight into how the Rudd government's scheme is likely to work as well as an overview of recent developments. Topics covered include:
overview of the proposed framework for the Australian Emissions Trading Scheme
overview of the Garnaut Report and Green Paper response
In an environment of increasingly uncertain market conditions, further rationalisation and consolidation of the wine industry is anticipated. Many producers will need to consider off-loading surplus assets whilst others will be looking to refocus their branding and take advantage of the prevailing conditions to improve market share. This paper reviews some of the significant tax issues that are likely to arise in this ever changing industry and reflects on the presenter's recent experience in dealing with winery acquisitions, sales and restructures. Topics covered include:
specific CGT and capital allowance issues relating to vineyard sales
tax issues relating to label and wine IP
update on the taxation treatment of water licences