Supply chain delay robs farmer tax write-off

Farmers who do not take delivery of machinery and other pre-paid assets before June 30 will not be able to benefit from the instant asset write-off scheme which will have its threshold lowered in the new financial year to $20,000. Photo by Evie Feehan

Farmers are frustrated by the Federal Government’s refusal to consider a common-sense reversal of a decision in the May 9 budget that sees the instant asset write-off threshold lowered to $20,000 from July 1.

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