Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 385.5

Where to find some other rules relevant to primary producers

 

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:

(a)   standing or growing crops; and

(b)   crop - stools; and

(c)   trees planted and tended for sale.

Subdivision   70 - D

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


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