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‘Lifestyle Farm’ Investments - Key Tax Considerations presentation

Member Price: Free
Non Member Price: $15.00

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Published on 21 Jul 22

In an attempt to diversify their wealth investments coupled with a desire to escape the day to day of their main income activity, clients often invest in subsequent properties/homes. In many cases these include small farms undertaking a certain level of primary production activities. Over the past few years with an increase of remote work and also a desire to get away from the city, such activity has been even more attractive. Along with the many other adjustments to consider, such an investment can give rise to several taxation considerations.

This presentation explores the various aspects of the taxation implications including:

  • State Taxation considerations and potential concessions
  • Whether the activity amounts to a hobby or a business
  • CGT and active asset considerations
  • Primary production concessions and;
  • Structuring considerations

Author profile

Andrew HENSHAW
Click here to expand/collapse more articles by Andrew HENSHAW.

 

This was presented at Yarra Valley Tax Retreat .

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