The authors take an in-depth look at an accepted practice of classifying ALL animals held in a
business of primary product in Australia as revenue assets regardless of the function they
perform in that business. This practice denies retiring farmers tax concessions granted to
other businesses. They describe the practice as unfair and after a deep examination of the
circumstances that gave rise to the generally accepted accounting and tax interpretation they
find that it is not true. They report their story and point their fingers at a glaring tax
injustice.
