Farm Management Deposit (FMD) — ATO scheme
Form number: FMD deposit form (lodged with FMD-registered ADI)
A Farm Management Deposit (FMD) lets primary producers set aside up to $800,000 of pre-tax income in a high-good year and draw it down (and pay tax on it) in a low-income year. It is the single most powerful federal income-smoothing tool for Australian farmers and is administered by the ATO but held with banks (CBA, NAB, ANZ, Westpac, Rural Bank, etc.).
Official source
ato.gov.auRelated topics
farm management deposit · fmd · ato farm scheme · primary producer income smoothing · farm tax deferral · farm income smoothing · drought relief tax · farming tax deduction · agricultural income deferral · primary producer tax break · farm savings account · ato farm support · rural income averaging · farming cash flow help · agricultural tax planning · grants · funding · business grant
Related forms
- Agricultural Levy Returns (DAFF Levies)
- Farm Household Allowance (FHA) — Services AustraliaSA452 (Farm Household Allowance claim)
- Regional Investment Corporation (RIC) Drought LoanRIC Drought Loan application
- RIC Farm Investment LoanRIC Farm Investment Loan application
- RIC AgriStarter Loan (next-generation farmers)RIC AgriStarter Loan application
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