Miscellaneous 2003

The Top Five Primary Production Issues

Source: South Australia

Published Date: 15 Jul 2003

 
Topics covered in this presentation include:
  • Primary Production Business - What is it?
    • who is a primary producer?
    • carrying on a primary production business
    • structure

  • Primary Production Deductions
    • depreciating assets
    • capital expenditure
    • STS
    • Landcare operations

  • Deferral of Profits
    • forced disposals/death of livestock
    • elections

  • Non Commercial Losses
    • outline of rules and effect on loss
    • business activity vs hobby

  • Other Incentives
    • farm management deposits
    • PAYG instalments
    • government benefits.

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