Date: 23 June 2026
Following the dry conditions already experienced across parts of the New England and North West, many producers have had to make considered decisions around livestock numbers in response to drought, feed shortages and other exceptional circumstances.
Where livestock have been sold due to drought, fire, flood or certain government-imposed restrictions, there may be tax concessions available to help manage the impact on your year-end position.
Depending on your circumstances, these provisions may allow you to:
• spread the profit from a forced livestock sale over five income years; or
• defer the profit and apply it against the cost of replacement livestock over the relevant period.
These concessions are subject to specific eligibility requirements, so it is important to ensure the underlying facts and records support the position being taken.
Given the seasonal challenges many producers across the region have been facing, it is worth considering whether these rules may apply where livestock have been sold due to circumstances outside your control.
If you have been affected by a forced disposal event during the 2026 financial year, now is a good time to discuss it with your Roberts + Morrow advisor. We can review your circumstances, explain the options available and ensure any opportunities are considered as part of your EOFY planning.
As with most year-end matters, having the conversation early provides greater scope to plan effectively and achieve the best possible outcome.
