Nopa
I am no expert. I did not even make my post-return adjustment that was last year; I simply wrote a letter saying my return would be amended once I had the details of a partnership return available. It is always late (long story), but one legitimate reason is that the farm partnership has a different balance date - in due part to the livestock schedule coming out at the end of June. Note that this is one of the areas where in fact there is a capital gains tax in the country. ie. livestock (as opposed to deadstock -there is a technical term behind this, all jokes aside) are assessed based on change in value and change in numbers (births-deaths).
Anyway this is off the subject of (Residential) Property Investment -I diversified into farms and forests.
I am no expert. I did not even make my post-return adjustment that was last year; I simply wrote a letter saying my return would be amended once I had the details of a partnership return available. It is always late (long story), but one legitimate reason is that the farm partnership has a different balance date - in due part to the livestock schedule coming out at the end of June. Note that this is one of the areas where in fact there is a capital gains tax in the country. ie. livestock (as opposed to deadstock -there is a technical term behind this, all jokes aside) are assessed based on change in value and change in numbers (births-deaths).
Anyway this is off the subject of (Residential) Property Investment -I diversified into farms and forests.
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