Information for primary producers 2024

Check if you are considered a primary producer.

Check if non-commercial business losses apply.

Workout if you can access small business entity concessions that suit your business.

Information to help you work out deductions for the decline in value of depreciating assets.

Check how to value livestock at the end of each year as part of determining your net income from primary production.

Check what type of abnormal receipts apply to you as a primary producer.

Check if tax averaging applies to you as a primary producer.

Work out how to deal with uneven income flows during prosperous years and less prosperous years.

Work out if you are entitled to concessional tax treatment for Australian carbon credit units.

Use this worksheet to help you work out your income from primary production.