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Journal of the Department of Agriculture, Western Australia, Series 4

Keywords

Income tax, Farm income, Western Australia

First Page Number

8

Last Page Number

11

ISSN

0021-8618

Abstract

Increased farm incomes of the past two years and recent changes in income tax provisions have aroused enquiry concerning taxation for primary producers.

Most farmers who have had preliminary March, 1975, income plus provisional tax assessments made have been astonished by the size of their likely commitment.

This article explains the taxation provisions applying to primary producers and gives an example of how tax is calculated, showing why March, 1975, will be a time of reckoning for many farmers.

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