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


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