re: all over - deductibility change likely
From Page 4 todays Australian Ruinancial Fullview.
Rule Changes May Hit Plantation Investment
The $830 million a year olantation timber investment sector is bracing for a hit from the federal budget in the timing of tens of millions of dollars in tax deductions.
The industry recently forecast a doubling of investments in agribusiness schemes by the end of this financial year, from $500 million in 2003-04. But it fears the government will abolish the 12 month expenses prepayment rule......
...Government sources have confirmed the industry can expect an announcement on the matter in the Budget.
Fisheries, Forestry etc Minister Ian MacDonald and Assistant Treasurer Mal Brough...declined to comment.
The rule was introduced in 2002 as a transitional measure and is due to be removed on June 30, 2006 under a sunset clause.
continues.
See the Fin Review for the full article.
Cheers,
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