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Farmers pushing for a permanent asset write off scheme to benefit farm businesses

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Manage episode 475942937 series 2507595
Content provided by Radio 2GB and Nine Radio. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Radio 2GB and Nine Radio or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Farmers are welcoming Labor's election promise for instant asset write offs, but wants it to go further.

The federal government would extend the 20 thousand dollar instant write off scheme, if it is re-elected to government.

Introduced in 2015, the instant asset write-off scheme allows businesses to claim a deduction for the cost of an asset up to a prescribed value -- it is often used by farm businesses to purchase tools and even small vehicles.

Rural Reporter Alexander Nimmo spoke to New South Wales Farmers President Xavier Martin about the election commitment.

See omnystudio.com/listener for privacy information.

  continue reading

104 episodes

Artwork
iconShare
 
Manage episode 475942937 series 2507595
Content provided by Radio 2GB and Nine Radio. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Radio 2GB and Nine Radio or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Farmers are welcoming Labor's election promise for instant asset write offs, but wants it to go further.

The federal government would extend the 20 thousand dollar instant write off scheme, if it is re-elected to government.

Introduced in 2015, the instant asset write-off scheme allows businesses to claim a deduction for the cost of an asset up to a prescribed value -- it is often used by farm businesses to purchase tools and even small vehicles.

Rural Reporter Alexander Nimmo spoke to New South Wales Farmers President Xavier Martin about the election commitment.

See omnystudio.com/listener for privacy information.

  continue reading

104 episodes

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