Special Edition Webinar: Taxation of Farmland - When does an income Tax Obligation arise?
Increased regulation for farming has led to some farmers to consider other “easier” ways to farm, or simply opting out of farming altogether.
Description
As a result, it is essential that that taxation consequences associated with the sale and/or development of farmland are fully understood prior to the commencement of the development activity/sales process.
In this webinar we will comprehensively discuss the key issues that you should be thinking about when advising your farming clients in relation to subdividing their farmland. Specifically, we will be covering the following topics:
- Bright-line rules to the extent that they apply to farmland
- Farmland acquired for resale
- Farm development and the farmland exclusion
- Subdivision of farmland – development within 10 years and major developments
- The exclusions from the taxing provisions
Presenters
Tony Marshall
Principal, CEG
CPD Hours and Recordings
1.25 CPD hours