ATO Fact Sheet - Can I claim a deduction?
News from Basalt to Bay:
The Economic Benefits of Native Shelterbelts Report continues and Basalt to Bay are always looking at ways to short circuit the reasons why farmers do not plant shelterbelts. Just before Christmas we pulled off a bit of a coup with the ATO, and the resulting "tax one pager" is available from the Basalt to Bay website in publications: www.basalttobay.org.au/publications
What it is is a short statement written by the ATO at our insistence, that helps tell primary producers what they can claim under Landcare works so they can have a proper informed discussion with their accountant and farm advisor and self motivate on these activities.
This resource will go out across Australia in the Fairfax media publications during the week of the 23rd March and has solid endorsement from the Australian Tax Commissioner.
Last week Private Forestry Tasmania picked it up and have listed it on their website and sent it to their members. PFT are also taking up the opportunity to request the ATO produce another one-pager focussed on the tax incentives for agroforestry and forestry. I expect this will be of great use and Basalt to Bay will forward as soon as it is completed.
Meanwhile I hope you can all make use of the Landcare version and use it to help people transition into planting more native vegetation for productivity and land health.
Mrs Lisette MILL
Basalt to Bay Landcare Network Facilitator for
THE BASALT TO BAY LANDCARE NETWORK INC
Moyne and Warrnambool Regions, South West Victoria, Australia.
Hours of Business: Monday to Friday 9 am to 3pm.
All mail to: P.O. Box 5465, Warrnambool, VIC 3280
Physical Office Location: Koroit Historic Railway Station, Bourke Avenue, Koroit, VIC 3282
Mobile: 04 08 712 713