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Notes Online Home 2020 Fundamentals of Primary Production Selling the farm
In this chapter of the seminar notes we will provide guidance when it comes to selling the farm. In particular, the following:
• Tax issues involved in ‘selling the farm’
• CASE STUDY 1 – Farming business previously conducted on partnership farmland
• CASE STUDY 2 – Discretionary trust sells farmland used in partnership’s business
• CASE STUDY 3 – Company applies SBRE to disposal of farmland
• Depreciating assets sold with the farmland
• Sale of trading stock with the farmland