FARMERS: Succession Planning PLANNING
Building the foundation for a successful Farm Succession.
Tax concessions to help structure the Farm Enterprise to implement the Succession Plan.
Tax concessions to help structure the Farm Enterprise to implement the Succession Plan.
Tax concessions - Use them before we lose them!
Take advantage of the current taxation and stamp duty concessions before they disappear.
Farmers are an easy target to help raise much needed tax revenue.
Current tax and stamp duty concessions available to farmers are very generous.
How long will these concessions continue to be available?
The early stage of succession planning typically involves the restructure of farmland ownership and how other farm assets are held. For example, land held in Mum and Dad’s name transferred to a family trust to assist with the safe transition to the next generation.
This can save $’000’s if not millions.
Why Urgency Matters
Current tax concessions—including CGT Small Business Concessions, stamp duty exemptions, and rollover relief—are still available.
But:
- These concessions could change at any time.
- The ATO and State Revenue Offices have already signaled increasing scrutiny.
- A single legislative change could close the door—permanently.
Tax reform is on the Governments agenda. Farmers are not the traditional voter base of the current Government and it commands a strong majority. Respect for what farmers contribute to society seems to be at an all time low. The UK experience confirms that farmers can be targeted as part of tax reform.
What’s at Stake?
Without proactive planning:
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Your children could inherit a farm and a massive tax bill.
-
You might trigger CGT or pay tens of thousands in stamp duty by transferring land too late—or the wrong way.
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You could lose access to the current concessions that make tax-free succession possible.
With the right advice, however, you can:
✅ Transfer your land and assets without triggering CGT
✅ Access full or partial stamp duty exemptions
✅ Use family trusts, companies, or rollovers to legally reduce tax to zero
✅ Build a rock-solid, tax-smart succession plan while concessions are still in place
You Only Get One Chance to Pass It On Right
Most farm families only realise the tax problem when it’s too late—when the paperwork is lodged, the ownership has changed, or the accountant says: “Sorry, you just missed the concession.”
What to do Next
👉 Download - Farm Succession Planning E-book
👉 Ready to get started? Book a free session today!
ACTION = SAVINGS.
INACTION = LOSS.
“We didn’t know where to start with succession planning. Approaching it by understanding how the farm land and business was owned and making changes to give us the maximum flexibility in the future made a lot of sense.
We used the tax and stamp duty concessions available and saved millions.”
Bill & Sharon, mixed farming operation in Vic
