Tax Issues & Concessions for Primary Producers
By Meng Lee
1h 9m CPD time
Difficulty: Advanced
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Learn about some common tax-related ins and outs for primary producer clients - farmers, fishers, growers and more!
In this session, we cover:
What is a primary production business?
TR 97/11
Deductible expenditure for primary producers
Trading stock
Landcare operations
Electricity connections and phone lines
Concessions for managing peaks and troughs
Tax averaging rules
Farm management deposits
GST, LCT and Fuel Tax Credit Concessions
FBT and Superannuation issues for workers
Date recorded: 14 October 2024