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One-year transition to the new tax regime for forestry MIS
Forestry managed investment schemes have been guarenteed a seamless 12-month transition until 1 July 2008 to adjust to the new tax regime announced by the Government on 21 December 2006.
Forestry MIS projects will now be able to continue operating under the current tax arrangements until 30 June 2008, not 2007 as first announced. From then on, a new statutory deduction will become the only means of offering essential tax deductibility for the forestry MIS investors.
Click here to view the full media release by Treefarm Investment Managers Australia (TIMA) issued on 28 March 2007.
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