Primary producers and farmers
In a similar vein to our business update, and considering the ongoing drought conditions, here are a few legislative changes relevant to primary producers and farmers.
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Back to work initiatives
For employers Support payments of up to $20,000 are available for eligible employers who hire eligible unemployed jobseekers. Employer Support Payment Employer Support Payments of up to $15,000 are available for employers who hire an eligible unemployed jobseeker. Subject to the availability of funds. Eligibility criteria apply. Go here for more details. Youth Boost Payment…
Inherited property ‘safe harbour’
Tax ‘safe harbour’ for inherited property When someone inherits a dwelling there are some special rules contained within the main residence exemption provisions that can provide a full exemption if certain conditions are met. If the conditions are not met, the beneficiary might face a nasty capital gains tax (CGT) bill for their good fortune.…
Farm Household Allowance
The Farm Household Allowance provides eligible farmers and their partners experiencing financial hardship with assistance through planning and training for long-term financial improvements as well as income support for up to three years.
Who gets the family farm?
5 questions to ask your family NOW about the future handover of your farm.
Business and Farm Concessions and Funding
Take all the tax advantages you can For small business and farming enterprise, there is a range of concessions and funding you can access. Many business and farm owners don’t necessarily realise the opportunities available to them. A simple example is trading stock valuations. Your trading stock is an asset that is recorded on your balance…