Income Tax Assessment Act 1997
View history note
Hide history note
| Rules relevant to primary producers | ||
| Item | For rules about this topic: | See: |
| 1 | The rules about assessable income arising from disposals of trading stock apply to live stock, because live stock is trading stock. | Subdivision 70-D |
| . | ||
| 2 | The rules about assessable income arising from disposals of trading stock apply to: | Subdivision 70-D |
| (a) standing or growing crops; and | ||
| (b) crop-stools; and | ||
| (c) trees planted and tended for sale. | ||
| . | ||
| 3 | There are some capital allowances for primary producers and some other land-holders. | Subdivisions 40-F and 40-G |
| . | ||
| 4 | Long-term averaging of some primary producers' tax liability (by tax offsets and extra income tax) | Division 392 |
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.
