Farm Management: Taxation

Taxation has an impact on the business and personal lives of most farm business owners. In this section we look at how tax can feature in many of the areas of the business from farm profit generation to on farm investment and farm transfer. The purpose of the information provided here is to equip you with some basic background knowledge on the main areas of farm taxation. Having an understanding of the basics on tax should assist you in getting better value from your next meeting with your accountant or tax adviser.