This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!
Depreciation Concession for Second-Hand Farm Plant
The Graziers Association of Central and Northern Queensland says special depreciation is allowed to a primary producer for second-hand plant except when prior depreciation was to that producer. The 20 percent depreciation remains for purchasers, with exclusions for motor cars used in farming. Applies to plant installed and structural improvements from July 1, 1951 to June 30, 1955, and improvements completed by June 30, 1956 if commenced by then. Eligible items include motor lorries tractors electrical motors bulldozers fences shearing sheds dairy buildings fodder conservation buildings housing farm workers water pumps windmills and irrigation systems. Plant and improvements must be wholly used for agricultural or pastoral purposes or for housing farm employees. Water-related structures’ costs are deductible in the year incurred.