Accelerated depreciation for primary producers

From 12 May 2015, primary producers can immediately deduct the costs of:

  • fencing, previously deducted over a period up to 30 years
  • water facilities, previously deducted over three years.

They can also deduct the cost of fodder storage assets over three years, instead of over a period up to 50 years.

Primary producers who are small businesses are also eligible to claim the instant asset write-off until 30 June 2017.

Q12016Cristy Houghton