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Farmers disappointed no commitment on tax thresholds: NFF

Farmers disappointed no commitment on tax thresholds: NFF

Hamish McIntyre. The National Farmers’ Federation is disappointed the Federal Government has introduced its tax reform legislation without explicitly committing to review the outdated small business Capital Gains Tax (CGT) concession thresholds. In introducing the legislation, the Government signalled that this is the first tranche of legislation, with more consultation to come on small business and further legislation required for implementation.