October 11, 2018

NEWS FLASH – Immediate Write off for Fodder Storage Assets

SIGNIFICANT TAX INCENTIVE FOR YOUR NEW HAY / GRAIN SHED INVESTMENT

We thought you would be interested to hear that on 19th August 2018, the Government announced that it would provide farmers with the opportunity to better drought-proof their properties by allowing primary producers to immediately deduct (rather than depreciate over three years) the cost of fodder storage assets, such as silos, grain storage sheds & hay sheds.

This measure was passed by both houses of Parliament just 2 weeks ago (on 20th September 2018) and applies to fodder storage assets first used or installed ready for use on or after 19 August 2018.

Read the Media Release here.

For more information please contact Mike, Charles or Steve on 1300 271 220.

AUSPAN has some attractive deals available for this hay season – right from small light weight hay sheds through to large structural steel hay/grain storage solutions.

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