• Special rules for primary producers

    Farm management deposits

    If you make a farm management deposit, your instalment income for that period is reduced. Withdrawals from farm management deposits must be included in your instalment income.

    See also:

    Forced disposals of livestock

    If you are forced to dispose of livestock in circumstances where you are entitled to choose to return the proceeds of the sale over five years, only the amount assessable in the income year you are forced to dispose of the livestock is included in your instalment income.

    Income averaging

    PAYG instalments don't affect your entitlement to income averaging. If income tax averaging provisions apply to your income, the instalment rate or amount we work out for you will take your entitlement to income averaging into account.

    See also:

     

      Last modified: 24 Aug 2016QC 16375