Can a non-LRBA have farm animals as a non-property asset? The animal will be used for breeding.

It can be done but cannot be a related party because of section 66. But if they buy from someone else we can provide a letter of advice.

Please be advised this is general information only, and is not to be taken as legal advice. If you would like more information, or have a legal query, please contact Abbott & Mourly directly.
Reviewed: 17/01/2024