Drought tax relief measures

Tax relief and support measures extended to farmers in medium-scale drought areas

Published on Thursday, January 18, 2018

 

 

 

https://www.beehive.govt.nz/release/tax-relief-drought-affected-farmers

https://www.beehive.govt.nz/release/further-support-struggling-farmers.

Detail of what may be available can be found on the Work and Income drought page: https://www.workandincome.govt.nz/eligibility/emergencies/rural-assistance-lower-north-island-and-west-coast-drought-2018.html including Rural Assistance Payments.

 

Please share this information and encourage farmers in affected areas to talk to their accountants and advisors.

Share with your rural professional contacts so they are aware of the current challenges due to poor spring and dry early summer. Farmers and families may benefit from help revising their budgets. Some who are badly affected - particularly lower-order sharemilkers and contract milkers - may be eligible for entitlements such as Working for Families https://www.workingforfamilies.govt.nz/ so your help to make their accountants / advisors aware is appreciated.

Background medium scale event information

  • On 23 December 2017, the Government classified the early dry summer in parts of the lower North Island as a medium-scale adverse event.
  • On 10 January 2018, the classification was extended to the Buller and Grey districts on the South Island’s West Coast.

The classification gives Rural Support Trusts a funding boost to help serve their communities. That may include activities like organising local events and arranging recovery facilitators to work one-to-one with farmers. Other usual recovery measures, which may include tax flexibility and income assistance options, are made available as appropriate.

Areas affected

Taranaki

Manawatu-Whanganui

Wellington

West Coast

  • New Plymouth
  • Stratford
  • South Taranaki

 

  • Rangitikei
  • Whanganui
  • Manawatu
  • Palmerston North 
  • Horowhenua
  • Kapiti Coast
  • Upper Hutt
  • Lower Hutt
  • Porirua
  • Wellington
  • Buller
  • Grey
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