Do you live on acreage and want to claim Primary Production status?  The ATO has a series of tests that are applied to determine whether you can claim PP status. If you have 10 acres or less, you will probably have real difficulty convincing the ATO that you have a viable financial operation.

You can claim PP status but you need to have a planned approach that will create a profit, whether it be by way of crops or livestock or even goat mohair production.

If you presently own or are contemplating buying a rural property you need to first employ the services of an agricultural scientist to assess the property for water, soil type, salinity levels, geographical orientation for sun etc.  The correct choice of activity once all these factors are known can make a huge difference to yields of whatever you decide to grow on the property. This translates into actual cash and profits for your chosen venture. 

If the ATO disputes your Primary Production status, they will employ an agricultural scientist to visit your property and assess it to see if you can be profitable with the activities that you are involved in.

Call us now to book an appointment for a cuppa and a no obligation 30 minute consultation to discuss your situation.  We can then show you the best way to approach the venture.

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