SERVING THE BORDER FOR

OVER 60 YEARS
You Are Here 5 Our Services 5 Biodiversity Services
You Are Here 5 Our Services 5 Biodiversity Services

Biodiversity Services

Biodiversity Services

We have experience helping clients who are interested in entering into Biodiversity Agreements on their land, navigate the accounting and taxation obligations that come with entering into these agreements.

Important considerations such as:

  • The taxation implications for clients who are considering establishing biodiversity sites.
    • This includes understanding the timing of taxation events
      • Initial taxation event on signing the biodiversity agreement and creating the credits
      • Secondary taxation event on sale of credits
      • Use of multiple sites to spread the taxation burden
    • Establishing capital versus revenue transactions
      • Looking at the intent of the land purchase – farming or specifically to create biodiversity credits
      • Record keeping requirements to support decisions made
      • Treatment of Total Fund Deposit payments to undertake management obligations
    • Capital gains tax considerations
      • Potential CGT concessions specific to client ownership structure and size
    • GST considerations on creation of credits, sale of credits and TFD payments
  • Providing supporting documents to stakeholders
    • For the lodgement of credit sale tenders
    • Creating compliant tax invoices to support credit sales

If you are considering whether a Biodiversity Agreement is suitable for you and want to understand the taxation and cashflow implications, please contact Paul Goonan for an initial discussion.