Show download pdf controls
  • Double wool clips



    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    Tax relief is available in relation to the proceeds of the sale of 2 wool clips arising in an income year because of an early shearing caused by drought, fire or flood. A wool grower can elect to defer the profit on the sale of wool clip from the advanced shearing to the succeeding year.

    Last modified: 28 Oct 2003QC 27383