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Notes Online Home 2020 Fundamentals of Primary Production Tax issues for primary producers affected by natural disasters
In this chapter of the seminar notes we look at the tax issues for primary producers affected by natural disasters. In more detail:
• Taxation treatment of receipts following a natural disaster
• Tax implications where a CGT asset is damaged or destroyed
• Depreciating assets that are damaged or destroyed by natural disaster
• Tax consequences of destroyed fit-outs for lessees of farmland
• FBT issues regarding emergency assistance provided to employees
• ATO assistance for primary production businesses affected by natural disaster
• Checklist of tax and other issues for primary producers affected by natural disaster