Tax issues in the primary sector by Michael Turner, Brian Clarke, Karen Staniford, Frazer Weir, and Simon Cameron
By: Turner, Michael | Polson Higgs.
Contributor(s): Clarke, Brian | Staniford, Karen | Weir, Frazer | Cameron, Simon.Series: Professional Development course paper (New Zealand Institute of Chartered Accountants). Publisher: Wellington, New Zealand New Zealand Institute of Chartered Accountants (NZICA) 2009Description: 1 v. : ill. 30 cm.ISBN: 9781877469497.ISSN: 1173-9851.Subject(s): TAXATION | PRIMARY INDUSTRY | FARMING | New Zealand. Income Tax Act 2007 | Tax
|Item type||Home library||Collection||Call number||Vol info||Status||Notes||Date due||Barcode||Item reserves|
|CA Course/Conference Paper - NZ||New Zealand||S 933 (Browse shelf)||Not For Loan||Historical collection: If you would like to borrow this publication please email us.||CA005028|
|CA Course/Conference Paper - NZ||New Zealand||Reference||S.933 (Browse shelf)||933||Not For Loan||Historical collection: If you would like to borrow this publication please email us.||CA006276|
INTRODUCTION ; FARMING OR AGRICULTURAL BUSINESS: Business vs hobby ; Start of business ; structure / losses ; LAND DEVELOPMENT EXPENDITURE: Section DO 1 ; Sections DO 2 and DO 3 ; Section DO 4 ; Treatments of the purchase of land, vines/trees and crop ; Listed and non-listed horticultural plants ; LAND SET UP COSTS / LAND CONVERSION: General provisions ; Identification of costs ; Specific provisions ; Forestry ; SPREADING REGIMES: Income equalisation ; Fertiliser ; Forestry ; Consumables ; LIVESTOCK VALUATION: Specified livestock ; Non-specified livestock ; Donated livestock ; Transfer of livestock within wholly owned group ; OTHER TAX ISSUES: Independent contractors ; Balance date issues ; Accommodation ; Tax-free allowances ; Destroyed assets ; Insurance proceeds ; Prizes ; Telephone ; Newspapers ; House costs ; Rations ; Motor vehicles ; CEASING FARMING: Standing timber ; Buildings ; Consumables ; Farm development expenditure ; Sale of growing crops ; Income equalisation ; Fertiliser ; Financial arrangement rules ; GST considerations ; Livestock ; STRUCTURES AVAILABLE: Sole trader ; Partnerships ; Limited partnerships ; Company ; Qualifying companies and loss attributing qualifying companies ; Trusts ; Joint ventures ; GETTING THE PROFIT OUT: Structures ; Income splitting / Avoidance ; APPENDICES: Section DO 1 - DO 5B plus Schedule 7 of Income Tax Act 2004 ; Sections D) 1 - DO 11 plus Schedule 20 of Income Tax Act 2007
Focuses on the tax issues faced by the traditional sheep, beef and dairy farming activities of the primary sector.