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Investment schemes damage markets
30 Sep 2008
Managed investment schemes in the horticultural and farm sectors distort markets, do not promote sound investment decisions and inflate the price of farming land says the National Farmers Federation. Investor contributions to non-forestry managed investment schemes tripled from $160 million in 2004 to $467 million last year. The NFF says the up-front tax deduction enjoyed by passive investors in the schemes effectively drives up input costs. Passive investors in managed investment schemes are treated as farmers for taxation purposes. The commonwealth treasury is currently reviewing the tax treatment for MIS.
The Australian Financial Review, 30/09/2008
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