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Income Tax For Primary Producers, P J. Hackett
Income Tax For Primary Producers, P J. Hackett
Journal of the Department of Agriculture, Western Australia, Series 4
Increased farm incomes of the past two years and recent changes in income tax provisions have aroused enquiry concerning taxation for primary producers.
Most farmers who have had preliminary March, 1975, income plus provisional tax assessments made have been astonished by the size of their likely commitment.
This article explains the taxation provisions applying to primary producers and gives an example of how tax is calculated, showing why March, 1975, will be a time of reckoning for many farmers.
Why New Land Farmers Need A Super Bounty, Edgar Noel Fitzpatrick
Why New Land Farmers Need A Super Bounty, Edgar Noel Fitzpatrick
Journal of the Department of Agriculture, Western Australia, Series 4
Development of farming land in Western A ustralia's agricultural areas requires the application of large amounts of superphosphate. Since 1963, the Phosphate Fertiliser Bounty applied to superphosphate manufacture has ensured that this superphosphate has been available to farmers at reasonable cost and has helped to make new land development economically worth while.
Originally applied as an incentive to agricultural development, the bounty is now to be withdrawn and it is feared that the resulting increase in the cost of superphosphate will retard development of many West Australian farms and reduce many farm incomes to an unsatisfactory level.
These effects will …