re: so what will budget do to asx?alpha?
Yes - seems like OK news: Forestry — extension of the 12-month prepayment rule for managed investment schemes
Revenue ($m)
2005-06 2006-07 2007-08 2008-09
Australian Taxation Office - - -30.0 -35.0
The Government will extend the 12-month prepayment rule for forestry managed investments for a further two years until 30 June 2008. In addition, the Government will conduct a review of the taxation treatment of plantation forestry in the context of the Government’s broader plantation and natural resource management policies.
The 12-month prepayment rule for forestry managed investments, which is currently due to expire on 30 June 2006, allows investors to obtain an immediate deduction for funds contributed in one financial year for seasonally dependent agronomic operations undertaken during the following year.
