Hi Boxhillnorth,Great Southern purchases the land usually under...

Hi Boxhillnorth,

Great Southern purchases the land usually under mortgage.

The cattle projects involve the investors acquiring a lease for a number of cattle over a designated number of years (6 year from memory). This lease aggreement includes a rental agreement for the land that the project is on, this land is owned by Great Southern and a rental fee is paid to Great Southern from proceeds - read the PDS it is on their website. So the cattle projects don't actually own any land.

The tax office would not be providing tax deductions if they were acquiring land. At least not for the land component.