Buying a small farm

3 posts / 0 new
Last post
Kelpiegirl's picture
Last seen: 4 months 2 weeks ago
Joined: 21/04/2018 - 9:12pm
Buying a small farm

I am planning to purchase a small farm, 160 acres in eastern wheatbelt of WA. I have farming experience but I have no idea about taxation and claiming, how much to earn before I can become a business, whether I can still claim a pension, do I run it as a hobby or a business. I train sheepdogs and also teach people how to train dogs. I would like to run app 100 sheep, and perhaps have a farm Stay or similar. Where do I get advise, thanks

Jusfarming's picture
Last seen: 4 months 2 weeks ago
Joined: 05/06/2015 - 8:43pm

Hi Kelpiegirl,
I am 3 years into farming in south west WA and had similar questions. I went through a rural accountant in the area (recommended by neighbouring farmers) for the answers. This obviously cost money for their services, by memory a couple of hundred. Alternatively you can research via ATO website (I personally found it all too confusing but you may be different).

I happen to have a 12 month old kelpie that needs training (as do I!) - perhaps we can do some kind of swap, accountants info for training? If interested please get in touch. If not, best of luck - buying the farm is the best decision I ever made.

admin's picture
Last seen: 22 hours 55 min ago
Joined: 28/02/2011 - 2:19pm

Hi Kelpiegirl,

It all can be a bit confusing, we have recently written an article on hobby farm tax deductions and business structure which you might find useful.



Log in or register to post comments
Topic Replies Last postsort ascending Forum
Normal topic Paddock Restoration
by MickNShaz on Wed, 19/09/2018 - 2:38pm
1 by rolly @ fi
Sat, 22/09/2018 - 7:01am
Farming Help
Normal topic Paralysis Tick Prevention - sheep/lamb
by BecS on Sat, 22/09/2018 - 7:00am
by BecS
Sat, 22/09/2018 - 7:00am
General Forum
Normal topic Intensive Agriculture
by Sarsfarming on Tue, 18/09/2018 - 1:40pm
1 by rolly @ fi
Sat, 22/09/2018 - 6:49am
Farming Help
Normal topic Concrete Trough Cleaning
by SarahJB on Wed, 12/09/2018 - 1:51pm
2 by SarahJB
Sat, 22/09/2018 - 2:21am
Farming Help
Normal topic New Member From QLD
by MickNShaz on Wed, 19/09/2018 - 2:28pm
1 by admin
Thu, 20/09/2018 - 11:06am
New Members
Normal topic Hobby farm insurance
by shauna on Wed, 25/07/2012 - 12:49pm
7 by DazandGlor
Wed, 19/09/2018 - 2:32pm
Farming Help
Normal topic Agistment
by orchidsplus1972 on Sat, 15/09/2018 - 11:53am
1 by admin
Tue, 18/09/2018 - 2:46pm
Farming Help
Normal topic New member
by Highlander on Sat, 15/09/2018 - 3:06pm
1 by admin
Tue, 18/09/2018 - 12:33pm
New Members
by [email protected] on Mon, 11/06/2018 - 7:18pm
3 by Littlerayosunshine
Sun, 16/09/2018 - 3:47pm
New Members
Normal topic Help with a small farm layout plan
by DreamChasers on Tue, 03/07/2018 - 6:14pm
4 by Littlerayosunshine
Sun, 16/09/2018 - 2:50pm
Farming Help

Our Sponsors

Our Partners

Become a Farmstyle sponsor

Includes site wide company logo, priority directory listing, facebook shout-out and more. Only $24.50 per month.

Complete your business details and purchase a sponsorship position.