Skip to main content Skip to main navigation Skip to search
Home

Top navigation main

  • News & media
  • Jobs
  • Ministers
  • Contact us
Main menu

AWE Main

  • Agriculture and land
    Agriculture and land Building stronger and more sustainable agriculture, fisheries, forestry and land care.
    • Animal health
    • Climate change and agriculture
    • Drought, disaster and rural support
    • Farming, food and drought
    • Fisheries
    • Forestry
    • Levies and charges on agricultural products
    • Mouse infestation advice
    • Plant health
    Xylella

    Protect against unwanted plant pests

    Our biosecurity system helps protects us. Everyone has a role in supporting our biosecurity system.

    Find out more

  • Biosecurity and trade
    Biosecurity and trade
    • Aircraft, vessels and military
    • Biosecurity policy
    • Cats and dogs
    • Exporting
    • Importing
    • Pests, diseases and weeds
    • Public awareness and education
    • Trade and market access
    • Travelling or sending goods to Australia
    • Report a concern
    Brown marmorated stink bug

    BMSB Seasonal Measures

    Australia has strengthened seasonal measures to manage the risk of BMSB.

    View our seasonal measures

  • Science and research
    Science and research Undertaking research and collecting data to support informed decisions and policies.
    • Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES)
    • Plant Innovation Centre
    Abares

    ABARES Insights

    Get 'snapshots’ of agricultural, forestry and fisheries industries, or analysis of key issues.

    Find out more

  • About us
    About us We enhance our agricultural industries and trade, and manage the threat of biosecurity risks to Australia.
    • Accountability and reporting
    • Assistance, grants and tenders
    • Contact us
    • Fees and charges
    • News and media
    • Our commitment to you
    • Payments
    • People and jobs
    • Publications
    • What we do
    • Who we are
    Budget 2025-26

    Budget 2025-26

    The 2025–26 Portfolio Budget Statements were released on 25 March 2025.

    Find out more

  • Online services
    Online services We do business with you using online platforms. This makes it easier for you to meet your legal requirements.
Department of Agriculture

Breadcrumb

  1. Home
  2. Agriculture and land
  3. Farming, food and rural support
  4. Drought, disaster and rural support
  5. Taxation measures

Sidebar first - Farming

  • Drought, disaster and rural support
    • Future Drought Fund
      • Case studies
      • Climate Services for Agriculture
      • Drought Resilience Commercialisation Initiative
      • Drought Resilience Research and Adoption program
        • Drought Resilience Adoption and Innovation Hubs
          • Drought Resilience Innovation Grants
          • Science to Practice Forum
      • Drought Resilience Research and Adoption National Enabling Activities
      • Drought Resilience Self-Assessment Tool
      • Farm Business Resilience Program
      • Helping Regional Communities Prepare for Drought Initiative
      • Monitoring, evaluation and learning
      • Natural Resource Management Drought Resilience Program – Grants
      • Natural Resource Management Drought Resilience Program — Landscapes
      • Next phase of the Future Drought Fund
      • Productivity Commission Review
      • Regional Drought Resilience Planning
    • Farm Household Allowance
      • Farm Household Allowance data dashboard
      • FHA factsheets and guidelines
      • Review of the Farm Household Allowance (FHA)
    • Farm Management Deposits
      • Farm Management Deposits Statistics
      • Historical Farm Management Deposits Statistics
      • Information for Authorised Deposit-taking Institutions (ADIs)
      • Information for primary producers
      • FMD Rainfall Analyser
      • FMD Rainfall Analyser FAQs
      • Reviews of the Farm Management Deposits Scheme
    • Rural Financial Counselling Service (RFCS)
      • Small Business Support
      • Rural Financial Counselling Service (RFCS) reviews
    • Regional Investment Corporation
    • Social support and wellbeing
    • Taxation measures
    • Farm debt mediation
    • Drought policy
      • Drought engagement
      • History of drought policy
        • Government actions addressing the Coordinator-General for Drought’s advice
      • National Drought Agreement
    • Managing farm risk

Taxation measures - Australian Taxation Office

Farm business support – $20,000 instant asset write-off

As part of the 2024–25 Budget, the Australian Government announced it will extend the $20,000 instant asset write-off by a further 12 months until 30 June 2025.

This measure is not yet law.

Primary producers affected by drought or natural disasters

The Australian Taxation Office can help farm businesses affected by drought and other natural disasters with:

  • more time to pay
  • waiving penalties or interest charged at a time you were affected by drought
  • payment plans with interest free periods
  • adjusting pay as you go (PAYG) instalments to better suit your circumstances
  • tax incentives for primary producers.

More information is available at the Australian Taxation Office website, on:

  • help for drought-affected taxpayers
  • dealing with disasters.

In special circumstances, the Commissioner for Taxation may release individuals from payment of some taxes where it is shown that payment would cause serious hardship.

The Tax Office will look at circumstances on a case–by–case basis.

There are taxation measures and concessions available to drought–affected primary producers. These include:

  • profit from the forced disposal or death of livestock
  • proceeds from double wool clips
  • insurance recoveries.

Taxation issues

There are also a number of other tax concessions available to primary producers, regardless of their locations or if they are in hardship, that can be broadly classified as tax offsets, tax deductions and concessional treatments.

Tax offsets

Primary producers, given their highly variable income streams and remote locations, can use these mechanisms to lessen their tax burden. These include:

  • tax averaging for primary producers
  • zone tax offsets
  • Research and Development tax incentive.

Tax deductions

These relate to expenses that directly facilitate earning income and reduce assessable income. These include:

  • Farm Management Deposits Scheme
  • accelerated depreciation for water and fodder infrastructure and fencing
  • depreciating assets
  • water facilities deductions
  • horticultural plants
  • carbon sink forests
  • electricity connections and telephone lines for small businesses
  • forestry managed investment scheme

Tax concessions

These relate to a variety of assistance measures for individuals such as deferrals of tax liability that can help to reduce an individual’s assessable income in the current financial year. These include:

  • fuel tax credits
  • luxury car tax refund
  • reduction in fringe benefits tax
  • small business entity tax concessions

For further information on these measures contact the Australian Taxation Office on 13 28 66.

More information

  • For drought assistance, contact the Australian Taxation Office Emergency Support hotline on 1800 806 218 or visit Drought help on the Australian Taxation Office website for further information.
  • For small business and primary producer assistance, phone the Australian Taxation Office business enquiries line on 13 28 66 or visit Primary producers on the Australian Taxation Office website.

General enquiries

Call 1800 900 090

Contact us online

Report a biosecurity concern

Thanks for your feedback.
Thanks! Your feedback has been submitted.

We aren't able to respond to your individual comments or questions.
To contact us directly phone us or submit an online inquiry

CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.

Please verify that you are not a robot.

Skip
Page last updated: 28 January 2025

We acknowledge the continuous connection of First Nations Traditional Owners and Custodians to the lands, seas and waters of Australia. We recognise their care for and cultivation of Country. We pay respect to Elders past and present, and recognise their knowledge and contribution to the productivity, innovation and sustainability of Australia’s agriculture, fisheries and forestry industries.

Artwork: Protecting our Country, Growing our Future
© Amy Allerton, contemporary Aboriginal Artist of the Gumbaynggirr, Bundjalung and Gamilaroi nations.

Footer

  • Contact us
  • Accessibility
  • Disclaimer
  • Privacy
  • FOI

© Department of Agriculture, Fisheries and Forestry

Facebook X LinkedIn Instagram