The National Farmer’s Federation is clapping loudly following news of the Federal Government’s decision to expand access to a key Capital Gains Tax (CGT) concession, saying it is a huge win for the NFF and its members after pressure was applied by members on behalf of farmers for this result.
An increase from $2 million to $10 million turnover threshold for the small business active asset CGT concession was announced by the Prime Minister yesterday and NFF President Hamish McIntyre said the change will enable real, tangible benefits for farming families…