Because your Impact Farming assets generate a taxable income, you can claim a tax benefit in the first year those assets go into production. Every year, at the beginning of the individual tax year, we will send you a letter and a tax pack to help you claim this benefit. Attached is our tax pack guide from 2018 as an example.
You can also contact Bizzacc (www.bizzacc.co.za) for a clearer picture about the implications on your taxable income.
Does Impact Farming qualify as a Section 12J company?
Fedgroup's Impact Farming is not a Section 12J company and you would not qualify for the tax breaks associated with this tax directive.