Accelerated depreciation for primary producers
In the 2015-16 Federal Budget, the government announced that it will allow primary producers to: immediately deduct the cost of fencing and water facilities such as dams, tanks, bores, irrigation channels, pumps, water towers and windmills depreciate over three years the cost of fodder storage assets such as silos and tanks used to store grain and other animal feed Currently, primary producers can claim a deduction for the decline in value of: fences over a
WA Farmers
June 9, 2015
