With seeding now complete for most, we’ve also received positive reports of good rainfalls in many regions of Victoria, South Australia and Western Australia over the last week.
Now is the time to prepare for end of financial year: have you considered how you could take advantage of the $30,000 instant tax write offs?
This $30,000 limit applies to each individual item, however it can also apply to as many individual items as you wish. Consider individual assets such as a Sheep or Cattle Loading Ramp, Rotary Force or Adjustable Tapered Drafting Race. Apply this limit to as many individual assets as you want and make up a full set of yards!
In addition to a tax incentive, a well-designed set of stockyards can boost efficiency and productivity with the significantly improved flow of stock, and reduce labour requirements. A win-win!
There has never been a better time to improve your stockyard infrastructure – an asset for the next 50 years! Please contact us if you would like to discuss how we can structure your new stockyard purchase to take advantage of this tax incentive.
This offer ends June 30th, 2019.
Further information on accelerated depreciation is available on the ATO website, or speak to your accountant or financial planner about your eligibility.
Contact Us Now:
Phone: 1800 805 292