Eligibility

Who can use the income equalisation scheme?

• Taxpayers engaged in any farming or agricultural business on land in New Zealand
• Taxpayers engaged in any business of fishing
• Taxpayers (not a company, public authority or Maori authority or unincorporated body) who derive gross income from forestry in New Zealand
• Any company carrying on a forestry business on any land in New Zealand, which in any income year derives gross income from thinning operations on the land.

Examples of activities that would qualify include:

• beekeeping
• animal husbandry
• dairy farming
• grain and seed growing
• market gardening
• fruit growing
• poultry farming
• share-milking
• tobacco growing
• vegetable growing
• vineyard.

Examples of activities that would not qualify include:

• dealing in livestock
• leasing or bailing livestock by the bailer
• aerial topdressing
• hobby farming
• services provided to a forester to manage tree stock
• services provided to persons carrying on a farming or agricultural business, for example:     
  • agricultural contractors
  • seed cleaners

Date published: 23 Nov 2009

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