Ongoing
Accelerated Depreciation for Primary Producers
Funding
Varies
Region
Commonwealth
Overview
Provides tax deductions for certain depreciating assets used in primary production, including water facilities, fencing assets, fodder storage assets, and horticultural plants. The decline in value of these assets is calculated using special rules rather than standard uniform capital allowance principles.
Eligibility Requirements
Applicants must be a primary producer as defined by the Australian Taxation Office (ATO). The tax deduction applies to depreciating assets used in primary production, specifically water facilities, fencing assets, fodder storage assets, and horticultural plants.
Who Can Apply
Primary Producers
Relevant Industries
Agriculture
How to Apply
Applications are submitted through the official government portal. Review the eligibility criteria carefully before applying, and ensure all supporting documents are prepared.
Visit the official application pageDisclaimer: Grant information is sourced from official government websites and updated regularly. Always verify current eligibility and deadlines on the official program page before applying.