Tax, Active Assets and Small Business Concessions

Joshua Easton Tax

Q: Purchase of farming property in May 2013 for $1,600,000 in the family trust. The family trust is a business of primary production. This 160-acre property has since been rezoned to residential R1 and approximately 800 lots will be available for sale at 550 sq. metre minimum lot sizes. We plan to sell the 160-acre property prior to development with ...

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