New tax law for fodder storage

The Australian Taxation Office (ATO) has introduced a law change for primary producers which means farmers may be able to claim a deduction for the full cost of a fodder storage asset.

New tax law for fodder storage New tax law for fodder storage New tax law for fodder storage New tax law for fodder storage New tax law for fodder storage

The ATO has introduced new tax laws for fodder storage. Picture Mark Saunders.

The new law applies to fodder storage assets if the expense was incurred the expense either on or after 19 August 2018 or before 19 August 2018 and it was first used or installed ready for use o...

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