Young Farmer Duty Exemption or Concession VIC

About this grant

The Young Farmer Duty Exemption or Concession provides young farmers with a duty exemption or concession when buying their first farm.

Eligibility requirements

All of the following criteria must be met:

• You must be:
• Under 35 at the date of the contract for the transfer of the farmland property
• Purchasing your first farm, the value of which must not exceed $750,000
• Carrying on, or intending to carry on, a business of primary production on the purchased farm
• Tax deductions for small businesses to digitise their operations
• Free productivity assessment for employers of people with a disability
• Flood property assessments for property owners in nsw

What the funding covers

• Duty concessions vary depending on the farmland value.

How to apply

1. 1Confirm readiness: Ensure you meet criteria (e.g., ABN, turnover limits, GST registration), align project objectives with grant goals, and estimate time for evidence gathering and writing.
2. 2Gather evidence: Collect documents like financials, business plans, market research, project budgets, resumes, risk analysis, and support letters to prove capability and impact.
3. 3Register/log in: Obtain an Australian Business Number (ABN) if needed, sign into the relevant portal (e.g., Business Grants Hub portal), and note any prerequisites like advisory service reports.
4. 4Prepare and write application: Address all selection criteria clearly (project details, government alignment, costs, outcomes, benefits); keep concise, factual, and compelling; validate for completeness.
5. 5Review, approve, and submit: Proofread, get stakeholder sign-off, submit online via the portal before deadline (no late entries); expect eligibility check, merit assessment, and outcome notification.
6. 6Visit https://business.gov.au/grants-and-programs/young-farmer-duty-exemption-or-concession-vic for application details

Application tips