INVESTMENT BOOST
Because we have had many questions from farmers around how the government’s new “investment boost” tax incentive works and how it can impact your purchase of cattle yards and other farm equipment, we thought we would do a quick explainer this week.
Announced in the government’s 2025 budget, farmers and other business owners can now claim a 20% depreciation of the cost of new farm equipment and machinery from their taxable income in the financial year of purchase.
This change, means you can now write off thousands of dollars more this year on your new Farmquip crushes and yard systems.
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