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Taxation on Breeding and Forced Stock Sales
The Graziers' Federal Council conference at Perth on July 14–15 debated tax rules for breeding stock. A key proposal would value breeding stock at book value for taxation after sale or forced sale due to drought, moving away from actual selling prices to protect working capital. The meeting also elected officers and set plans for a 1955 special convention before national talks on policy.
MENTIONED IN THIS ARTICLE
Federal Council
Perth
Aufience