ato logo
Search Suggestion:

Managing varying income

Help for primary producers to manage the way in which their situation may vary substantially from one year to the next.

Last updated 25 July 2019

The tax system includes special provisions to help you, as a primary producer to manage your tax affairs when your income varies substantially from year to year. These can be long term programs like the Farm Management Deposit scheme or dealing with short term issues such as Murray Goulburn overpaying milk suppliers, or exempting certain disaster recovery grants.

Find out about  

See also  

Tax averaging evens out your income and tax payable over a maximum of five years to allow for fluctuations.

The farm management deposits scheme helps primary producers manage varying income.

Find out how 'abnormal income' you receive as primary producer is taxed.

You can claim your primary production losses immediately against other income if you meet certain conditions.