Grants of up to $2,500 now available to Queensland farmers
Farm Management Grants are now available to assist eligible Queensland primary producers or their relatives offset the costs of professional advice associated with succession planning.
Costs eligible for the rebate include those for professional advice provided by suitably qualified professionals including for example, accountants, succession advisors or solicitors.
This scheme will close to applications 30 June 2019.
Expertise
When it comes to succession planning, the important thing to recognise is that each case is unique with different timeframes, personal objectives and structures to take account of.
With over 60 years’ experience in dealing with family farming businesses, we at Carrick Aland understand the issues at play – financial, legal and management, but also interpersonal – that need to be considered. Our expertise in covering taxation, business structure and financial issues comes to the fore to assist in building tailor-made solutions for families.
Eligibility
Rebates of up to 50 per cent of the amount paid for professional advice, to a maximum of $2,500 for each financial year of the scheme, are available. To receive a rebate for a financial year, an application must be received in that year and may include an application made before professional advice is received.
To be eligible for a Farm Management Grant, you must:
- Be a primary producer, or a relative of the primary producer for a primary production enterprise
- Have paid or will pay for advice relating to transferring or acquiring an interest in the primary production enterprise from a suitably qualified professional, at or after 23 March 2017
How to apply
Grants are available to eligible primary producers, or their children or relatives, to obtain professional advice about transferring an interest in a primary production enterprise owned by the primary producer.
Call the team at Carrick Aland on 07 4669 9800 to initially discuss your eligibility.
Full eligibility information and terms and conditions can be found in QRAA’s Farm Management Grant guidelines. View QRAA’s Frequently Asked Questions or guidelines for more details.
Source: QRAA
