Are you in the business of forestry?

Downs, Murray
November 2005
New Zealand Tree Grower;Nov2005, Vol. 26 Issue 4, p33
This article focuses on the main tree planting and tending costs in the business of forestry in New Zealand. For hobby farmer and lifestyler, it is important to consider the scale of the operation and volume of transactions and the commitment of time, money and effort. But if you are deemed to be an investor, then the costs of planting, pruning and forestry management are not immediately available. While a farming or agricultural business, the business that is the principal business undertaken on the land is limited to making deduction on tree planting expenses in one year. From tree planting and onwards the basic forestry operation costs are deductible as they are incurred.


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