IDEAS home Printed from https://ideas.repec.org/a/ags/ajaeau/23024.html
   My bibliography  Save this article

Inter-Generational Transfers In The Rural Sector: A Review Of Some Problems

Author

Listed:
  • Longworth, John W.

Abstract

Three kinds of inter-generational transfer are discussed. Despite the obvious advantages of partnerships and other forms of income splitting from the income tax viewpoint, about half of the primary producers in Australia continue to operate their businesses as sole traders. Some of the problems which arise with partnerships, trusts and companies in this regard are considered. The transfer of the ownership of the assets in addition to the ownership of the income stream they generate, is then considered in detail. The taxation of this transfer by means of gift and death duties raises many questions in relation to economic equity and efficiency. The third type of inter-generational transfer discussed in this paper is the transfer of the managerial role. Several suggestions are made which could help not only to reduce the family trauma which usually surrounds this issue, but which also could help reduce the tendency for farmers to hold the reins for too long.

Suggested Citation

  • Longworth, John W., 1972. "Inter-Generational Transfers In The Rural Sector: A Review Of Some Problems," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 16(03), December.
  • Handle: RePEc:ags:ajaeau:23024
    as

    Download full text from publisher

    File URL: http://purl.umn.edu/23024
    Download Restriction: no

    References listed on IDEAS

    as
    1. A. H. Boxer, 1965. "Taxation In Australia," The Economic Record, The Economic Society of Australia, vol. 41(96), pages 639-649, December.
    2. Groenewegen, P D, 1971. "Rationalizing the Australian Taxation System," The Economic Record, The Economic Society of Australia, vol. 47(120), pages 531-552, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Américo Mendes, 2005. "Intergenerational transfers in rural households: A game theoretical approach," Labor and Demography 0503004, EconWPA.

    More about this item

    Keywords

    Consumer/Household Economics;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:ajaeau:23024. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search). General contact details of provider: http://edirc.repec.org/data/aaresea.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.