Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS  

Division 385 - Primary production  

Guide to Division 385  

SECTION 385-5   Where to find some other rules relevant to primary producers  

Rules relevant to primary producers
Item	For rules about this topic:	See:
1	The rules about assessable income arising from disposals of trading stock apply to live stock, because live stock is trading stock.	Subdivision 70-D
.
2	The rules about assessable income arising from disposals of trading stock apply to:	Subdivision 70-D
	(a) standing or growing crops; and
	(b) crop-stools; and
	(c) trees planted and tended for sale.
.
3	There are some capital allowances for primary producers and some other land-holders.	Subdivisions 40-F and 40-G
.
4	Long-term averaging of some primary producers' tax liability (by tax offsets and extra income tax)	Division 392