Farmers disappointed no commitment on tax thresholds
Comments attributable to NFF President, Hamish McIntyre: The National Farmers’ Federation is disappointed the Federal Government has introduced its tax reform legislation without explicitly committing to review the outdated small business Capital Gains Tax (CGT) concession thresholds. In introducing the legislation, the Government signalled that this is the first tranche of legislation, with more consultation […]
Farmers raise red flags on CGT reforms
Australia’s peak farm body is calling on the Federal Government to safeguard farm businesses by lifting outdated small business Capital Gains Tax (CGT) concession eligibility thresholds as legislation is introduced to Parliament today. The National Farmers’ Federation said farmers across the country were united in their concerns that farm businesses would be unintentionally captured by reforms designed for other sectors. NFF President Hamish McIntyre said while the NFF’s constructive engagement with […]