A change made to depreciation rules last year means support for farmers to prepare for drought.
Farmers are now able to access instant depreciation for fodder storage assets!
This drought handout that was published in Queensland Country Life recommends you speak to your accountant to check if you are eligible.
“Unlike the small business write-off, there is no dollar cap on the cost of fodder storage assets that can be instantly depreciated by farmers.”
Drought is tough, which is why we should all ensure we’re taking every possible opportunity to support our businesses in preparing for the future.
Download the full brochure here: Instant depreciation