FNQ wrote:Harrynsw gets it.
In my learned opinion he is asking about a bush block to go camping & shooting on etc not a business or tax dodge.
I'm a pilot who owns and runs a farm but hey what would I know?
Just trying to help Harrynsw
Hey FNQ...its not me who is the one suggesting
you dont know what your talking about.
Its you suggesting others dont know what they are talking about, & maybe suggesting they are talking rubbish about cash crops with no idea of the cost of raising cattle...
Also, as Tassie says, no one is suggesting tax avoidance--dunno where that comes from..
.& there is nothing wrong with greatly reducing your tax by investing in property &/or a second business, in fact, believe it or not, the Government are HUGELY encouraging of the principle...proof of this is tax deductions & depreciation for costs incurred & capital value losses of plant & equipment....or as its termed, negative gearing....it goes a long way to driving further investment for those that are able to afford it...
Like you, im just giving an opinion, & throwing some random ideas out there as to how he could minimise the out of pocket cost, or value add--even if it is to get some good quality & cheap meat on his plate, so as to make the idea more palatable...
Anyway...no hard feelings...
The man who knows everything, doesnt really know everything...he's just stopped learning...