Farmers drought assistance - immediate write-off for fodder storage
Liz Gibbs • August 19, 2018

As part of an assistance program to help drought-stricken farmers, the Government   has announced   that it will allow primary producers to immediately deduct (rather than depreciate over 3 years) the cost of fodder storage assets, such as silos and tanks used to store grain and other animal feed storage.

This measure, yet to be legislated, will be available for fodder storage assets first used or installed ready for use from Sunday 19.8.2018, and complements the $20,000 instant asset write-off already available for small businesses, the Government said.

Call us at Robert Goodman Accountants on 07 3289 1700 or email us at  reception@rgoodman.com.au.   © Copyright 2018. All rights reserved. Source: Thomson Reuters.  Brought to you by Robert Goodman Accountants.  

Fuel Crisis

What Fuel Price Pressures Really Mean for Your Business

By Liz Gibbs • April 10, 2026
Costs rising fast, margins squeezed—businesses that plan early and act fast will survive and grow.
Hybrid vehicle

The Hidden Cost of Hybrid Cars: What Changed and Why It Matters

By Liz Gibbs • April 9, 2026
PHEV tax rules changed. FBT exemptions gone—review now to avoid costly surprises.
Hobby vs Business

The moment a hobby becomes a business (and why it matters for tax)

By Liz Gibbs • April 9, 2026
When a hobby earns regularly, it may be a business—know the tax implications early.
More Posts