Rehctub, one of my neighbours, on the other side of my river boundary was born on his 1800 acres. He spent a lifetime working the property, doing OK, but as with most farming activity, he was not rich enough in his late 60s to give each of his kids who had put in thousands of hours on the farm, even a house on an acre block, in this then pretty cheap area.

Again our fool councils would not give permission for him to give each kid a house on the property, or a few acres to build one on.

He finally teamed up with a surveyor who knew the way development worked, & how to handle the idiot bureaucrats in council, & split off 300 acres, subdividing it into first some into 2 & 3 acre blocks, then a bunch of 4000/5000 Sq metre blocks.

My wife is a JP, & they were regularly in here getting stuff witnessed, & crying about the latest stupidity directed at them by bureaucrats, particularly the ratbag green ones who somehow gravitate into jobs where they can do the most harm.

They were most expensively in court 4 times to stop the more outrageous demands, after all approvals, by the green ratbags in council. They have now done OK, but are not rich by any means.

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Neither is my dairy farmer mate. Another born on his farm, at 85 he still works 7 days a week helping his son who has taken over the farm, fool that he is. The fact that a well run 1000 acre dairy farm, running 340 cows does not earn enough to pay more than 2 staff shows how stupid the deregulation of dairy farms was by the academic ideologues & lefties.

All they have achieved is to give most of the profit from milk to the big two, Woolworths & Coles, taking it off the productive sector, the farmers. The fact that his is the only dairy left of the 12 here 20 years ago proves the point.

If they give up & sell out, I believe they deserve every cent tax free. Most certainly not one cent should go to any government. It is those governments who destroyed a thriving industry, by listening to useless academic advisers.

I don't believe there are too many bought 200 acre blocks just to sit on, particularly 50 years ago. Any that did would have found the encroachment of suburbia a bloody menace, & deserve every cent that encroachment finally gave them.

Small block sub development like Yarrabilba rapidly become tenanted semi slums bringing thousands of undesirable element into rural areas. People around these places them require big dogs, & have to find the house keys they misplaced years ago. The little increase in sale value of existing properties is little recompense for the disruption to their lifestyle.

Have you noticed, on this one, I disagree with you in every possible way?

sorry for the late reply has been, but the farms you refer to are businesses, and as businesses claim tax exemptions along the way, their land once sold is a taxable asset. Im sorry, but even if it is a tough business, one cant on the one hand grab the handouts, then on the other pocket the winnings tax free.

As for the dairy industry, I hear you loud and clear and its just another outrage and is one reason behind the Chinese invasion as the Chinese know that at some point our farms will become unviable and we will have little choice other than to shut them down and import everything. once this happens the Chinese will import their own labour.

One thing you have to remember about tax exemptions rehctub, & things like drought subsidies, they are only of any use to someone with a moderate to large tax bill, or any money to buy fodder.

When I looked at it many years ago, it would save me less than 10% of the freight bill, & nothing on the actual fodder. That sort of help is the quick way to bankruptcy.

I think it would definitely be unfair for the descendants to be paying inheritance taxes and if I were to be in that situation, I would rather forgo any inheritance amount to save me on paying additional taxes. I guess there are still many aspects of tax reform we need to clarify since the topic is quite vague as it is just too broad.

webbrowan, Turnbull knows much of his support is actually from people who will never vote for a local coalition member. He knows he has a pretty good chance of getting the old heave ho, unless he can buy a lot of votes.

He is casting around, hopping that some area of him ripping vote buying taxes out of people, that will actually be popular with people who would actually vote coalition.

He is looking more like a leader of the Labour party every day. He'd better go soon, or he will be history.