This paper considers the tax issues in the agribusiness industry in light of drought and the environment, as well as the ATO's views on MIS agribusiness schemes. Case studies examine the following:
- current issues in MIS - is it a business/applying for a product ruling?
- taxation of water rights
- tax issues for exporters of produce
- FMDs - the new scheme
- structuring inter generational change
- CGT - property and primary production improvements
- role of super in holding assets
- brave new world - environmental tax issues and opportunities.