MCGREGOR GOURLAY
McGregor
Gourlay Prepayment Scheme Fact Sheet
Overview:
Benefits:
- Eligible small business entities, including Primary Producers, may prepay funds to McGregor Gourlay, an agricultural supplies distributor, and potentially receive a one-time tax deduction for the amount paid in the year of payment.
- Prepayments must be utilised within the following financial year to qualify for the tax deduction.
Terms and Conditions:
- McGregor Gourlay will pay a reward of 5% per annum on prepaid funds, payable monthly until the funds are utilised.
- A minimum prepayment of $10,000 is required to participate in the scheme.
- Prepaid funds are non-refundable and must be used for agricultural supply purchases within the 2024/2025 financial year.
Eligibility:
- Eligibility for the program may vary based on individual tax circumstances. It is recommended to consult with a tax advisor to determine if participation in the program would be beneficial for your business before committing.
- If you are found ineligible for the program due to your tax status, alternative end-of-financial-year deals will be provided.
How to Participate:
Contact your local branch manager before Tuesday, June 25th, if you are interested in participating or would like further information.
Contact Information:
For enquiries or to participate, please reach out to your local McGregor Gourlay branch manager.