Tax Reform Win Delivers Confidence for Farm Businesses
SADA welcomes the National Farmers' Federation's successful advocacy to expand access to the small business Capital Gains Tax (CGT) 50% active asset concession, with the Federal Government confirming the turnover threshold will increase from $2 million to $10 million.
This significant change means around 99% of Australian farm businesses, including the vast majority of South Australian dairy farms, will now be eligible to access the concession when planning succession, restructuring their business or investing for the future.
The reform recognises the capital-intensive nature of modern farming and provides greater certainty for family businesses making long-term decisions. It is also a strong example of the value of coordinated industry advocacy, with the NFF working closely with its members and Government to deliver practical tax settings that better reflect the realities of Australian agriculture.
SADA will continue to work alongside our national industry partners to ensure dairy farmers' priorities are represented and that policy reforms support the long-term sustainability and competitiveness of family farm businesses.
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