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Miscellaneous
2022
'Lifestyle Farm' Investments - Key Tax Considerations podcast
Source: Victoria
Published Date: 21 Jul 2022
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 podcast 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
Individual Session
Property investment and diversifying wealth
Author(s):
Andrew Henshaw
Details
- Published By: Andrew Henshaw
- Published On:21 Jul 2022
The material is copyright. Apart any fair dealing for the purpose of private study,
research critisism or review, as permitted under the copyright Act, no part may be rerpoduced by any process without written permission from The Tax Institute.
Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.
This material is copyright. Apart from any fair dealing for the purpose of private study., research, critisism or review, as permitted under teh copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.
Unless expressly stated, opininons are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.
Tags
Miscellaneous
2022
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