Claiming tax benefits for Landcare operations
Australian primary production businesses operating on land may be eligible to claim income tax deductions for certain capital costs.
To support the efforts of Australians protecting our rural landscape, the Australian Government provides tax benefits for land managers.
Deductions can be claimed in the year capital expenditure is incurred on a Landcare operation for land in Australia.
According to the Australian Taxation Office, eligible Landcare operations include;
- eradicating or exterminating animal pest from the land
- eradicating, exterminating or destroying plant growth detrimental to the land
- preventing or combating land degradation
- constructing drainage works mainly for the purpose of controlling salinity or assisting in drainage control
- constructing a levee or similar improvement
- constructing a structural improvement that is reasonably incidental to a levee or drainage works (such as a bridge over drainage works)
- alterations, extensions or capital repairs to the above.
The purpose of the Landcare provisions is to assist with the conservation and long-term sustainable use of arable or grazing farmland.
The provisions are not directed at the conservation of natural water resources.
More information on these tax benefits can be found on the Australian Taxation Office website or by contacting them on 13 28 66.
