IS3970
Issued
01 Apr 1998

"Forestry": whether or not it is included in the section CD 1(7) Definition of "Farming or agricultural business"

This item states the Commissioner's view on whether "forestry" falls within the definition of "farming or agricultural business" in section CD 1(7) of the Income Tax Act 1994. Under this interpretation, the Commissioner accepts that "forestry" falls within the definition of "farming or agricultural business" in section CD 1(7).