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I was just going off this, although I know it's not until July '16. But in addition, from July 2016, farmers will be able to claim an immediate, total deduction for any spending on fencing and water infrastructure. They will also be able to claim depreciation on fodder storage over three...

Ok, thanks Dan, good to know. I've been shopping around anyway so it looks like the announcement wont change anything in that regard. I do have to spend about $10000 on fencing though, and I see we can write that off immediately now. For us it's not a case of panic spending but being able to...

I thought that if it's 100% business use then it can be 100% claimed. I was already looking to buy a new farm ute (around $35,000) which will replace my current ute and is 100% business use. My understanding is as follows: (in rough figures and in very basic terms) -Purchase price -...