Selling entitlements is  usually liable to capital gains tax of up to 33%

Think about tax implications before entitlement decisions

For tax efficiency, if land and entitlements are leased out, it is recommended that both be leased to the same person, so that  lease income from entitlements can benefit from income tax exemption.

It’s that time of year when farmers ready themselves to make their basic payment scheme application to the Department of Agriculture.

The deadline this year is extended ever so slightly, because the usual date of May 15 is falling on a Saturday, so this year’s deadline is midnight on Monday, May 17.