|
|
|
Capital gains relief for farmers expected
24 Apr 2006
Farmers are expected to be granted tax relief when they roll over or sell assets. The federal government is expected to make changes to capital gains tax laws to include a lift in the $5 million threshold applying to farmers. Under existing laws, farmers who have combined assets worth more than $5 million are not able to access small-business tax concessions. But this will be lifted, reflecting Nationals arguments that the seven-year-old threshold has not kept pace with the rise in property values.
The Australian, 24/04/06
|
|
