03 5382 3460

Tollfree 1800 009 533

info@consortiumpw.com.au

Send us an email anytime!

24A Darlot Street, Horsham

Victoria Australia 3400

Selling the Farm

Farm sale planning is one of the most involved issues we confront when providing financial advice to the farming community.

Whether planning to sell in 5 years, or 50, the key to successfully selling your biggest asset, is planning.

From managing Capital Gains Tax to Farm Management Deposits, to a plan for your life post-farming, it’s essential you think ahead and prepare for this life-changing event.

To assist you begin this planning process, we have put together a group of informative Selling the Farm videos, each focusing on an important item you need to be aware of before your begin your sale process.

Ready to begin planning ?

Start Here >>

9 Things You Have To Know Selling the Farm eBook

Popular Questions

What are the benefits of a sale plan?
A well drafted sale plan provides the direction that is required when selling your biggest asset. It will assist you to minimise tax implications, progressively redeem FMD’s and plan for life in retirement.
Private Sale, Tender or Auction?

The way you choose to sell your property will be a vital choice. It will be impossible to know which method will be best for you and your property. Factors such as supply and demand for your area, the financial strength of farmers close by, and their risk tolerance for expanding and taking on debt.

Given that there are so many factors to consider, it is best to take the advice of your real estate agent, as they are best placed to answer this question.

What do you do with the sale proceeds?

Investing is complex. Building a sound understanding and getting advice can help give you the knowledge you need to make informed decisions. Your investment time frame is key to guide us how we should invest.

Is a Centrelink pension part of the equation?

Under current Centrelink rules, there are limits on the amount of assets and income you can have to be eligible to receive the Age Pension. Both asset and income tests have upper and lower thresholds that dictate a pensioner’s pension payment. In most cases, when farmers are selling their farms, the value of the property is far exceeding these thresholds. But, it is worth understanding the numbers to check if you may be eligible.

Not into reading? Watch the videos instead!

Selling the Farm video series
Introduction
Why consider selling the farm
How to sell the farm and what’s it worth?
Income Tax
Capital Gains Tax
What do I do with the sale proceeds?
Future Investment Structures
Centrelink
Estate Planning
The psychological side of retirement and summary

Ready to begin planning ?

Book your free appointment to begin your farm sale planning. Click below to select a time to catch up.

03 5382 3460

Tollfree 1800 009 533

info@consortiumpw.com.au

Send us an email anytime!

24A Darlot Street, Horsham

Victoria Australia 3400
© Consortium Private Wealth
Robert Goudie, Ashley Rowan, Olivia Glare and Rachael Todman are authorised representatives of Consortium Private Wealth Pty Ltd | AFS Licence 495401
ABN 74 616 250 965 Registered Office: 24a Darlot Street Horsham VIC 3400