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Reference
PUB00491
Open Date
04 Aug 2025
Closing Date
15 Sep 2025
Status
Current

Can a farmer who leases land deduct the tax book value of horticultural plants on the land when the lease ends?

This question we’ve been asked considers whether a lessee farmer, who carries on a farming business on leased land, can deduct the remaining diminished value (the tax book value) of the expenditure incurred on planting horticultural plants in the income year the lease on the farmland ends.

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