ITAA 1997 s 385-E

Income tax: is a primary producer who receives compensation payments for having destroyed sheep under the Victorian Ovine Johne's Disease (OJD) control program eligible to make elections under Subdivision 385-E of the Income Tax Assessment Act 1997?

Forced disposal of livestock - drought conditions

Primary production: election to spread profit from forced disposal of livestock - election of new partnership to be treated as a continuation of an old partnership

Primary production: election by trustee to defer tax profit and reduce cost of replacement live stock - effect of disentitling event being the death of a beneficiary