State tax issues for agribusiness
Source: QLD, Online
Published Date: 15 Jun 2023
It is recognised that while harmonisation efforts have been made to align the operation of State tax legislation differences in their operation still exist.
This presentation discusses the principles applicable to land tax and stamp/transfer duty as they may be applicable to primary producers in each State and Territory. The presentation not only considers the application of the relevant provisions but importantly identifies any concessions that may be available to primary producers and their commercial activities. For example the presentation reviews the potential transfer duty concessions that may be available in the case of restructuring where the ownership of land, other assets and businesses (including trading stock and depreciating assets) transfer from one entity to any another. Specific issues as to land tax exemptions were addressed.
Individual Session
Details
- Published By: Melissa Simpson
- Published On:15 Jun 2023
- Took place at:Hilton Brisbane & Online
The material is copyright. Apart any fair dealing for the purpose of private study, research criticism or review, as permitted under the copyright Act, no part may be reproduced 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.
The Tax Institute
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The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
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