Key Tax Features of Primary Production in Australia - November 2022 (3 Hours of CPD)

Primary production is a cornerstone of the Australian economy, but this business sector is often not just plagued by all manner of natural disasters but also a plethora of tax issues and compliance obligations.

This intensive masterclass will provide an in-depth analysis of the key income tax and CGT issues as tax concessions relevant to primary producers.

Topics covered include:

• Definitional scope of what constitutes a primary production business
• Tax effective business structures for primary producers
• Derivation of assessable income and timing
• Specific trading stock recognition and valuation
• Mechanics and effect of income averaging
• General and specific allowable deductions for primary producers
• Operation and effect of the farm management deposit scheme
• Effective utilisation of CGT concessions for primary producers
• And more...

What's Included?

• 90 Days of Recording Access (Unlimited Views) 
• Instant access to the recording and slides
• 3 hours of CPD + Certificate
  
• Included Q&A session