Lifestyle Farmers We frequently encounter situations where a distinction needs to be made between a lifestyle block farm and a normal farm. The reason for this is that the deductions available differ. A lifestyle block can encompass many activities, and not be limited to farming. A lifestyle block farmer may select one of the following tax positions: · Be registered for GST only · File income tax returns only · File both GST and Income tax returns · Treat farm as a hobby and not file either GST or Income tax returns. To receive our info sheet for lifestyle farmers give us a call (09) 444 4588 or email [email protected]
Posted on: Mon, 17 Jun 2013 20:00:01 +0000
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