Recorded Webinar: Primary Production Exemption: Not as Clear Cut as You Think (Qld, NSW, Vic)

The primary production land tax exemption is an important concession, but complexities can arise regarding eligibility and scope of the exemption. This practical session examines some of the key issues, including:

• The primary production exemption – a state and territory comparison
• Land used primarily for primary production – state by state tests
• Defining commercial use and profit motivations
• What if part of land is used primarily for primary production? – dominant use
• Categories of primary production – a comparative assessment
• Some critical issues:

• multiple uses
• capital intensive uses
• activities secondary to primary production
• preparatory work as a use
• time of use

• Primary production use by other than owner
• Categories of exemption – how these vary across jurisdictions
• Case study – what about maintaining animals for sale?