Rural & Agribusiness Depreciation Schedules

Available depreciation claims in this sector are substantial after the Australian government announced in the 2015-16 Federal Budget that it will allow all primary producers to take advantage of accelerated rates of depreciation on many assets. You may be eligible to immediately deduct the cost of fencing and water facilities such as dams, tanks, bores, irrigation channels, pumps, water towers and windmills, dramatically reducing your taxable income. Other items, including fodder storage assets such as silos and tanks used to store grain and other animal feed can be claimed over a three-year period. Our experience in the rural sector includes dairy farming, horse training and agistment facilities, cattle feed lots, vineyards, and a variety of poultry farms.

At Mintax, we have simplified the depreciation process for you, creating a user friendly, yet comprehensive experience for our clients, it’s as simple as calling either Aaron or Geoff who can assess the viability of a depreciation schedule for your property.

Mintax is a registered Tax Agent and our 40 year reports are ATO compliant.