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Olives offer good return

FOLLOWING simple guidelines can help investors avoid trouble with agricultural investments.

There should be a realistic demand for the end product of the project.

And if the project is claiming large tax write-offs, you should only invest if the Australian Tax Office has confirmed these deductions will be allowed through an official product ruling.

If the project has these features and is offering appealing returns, it is worth reviewing.

One project for consideration is the Australian Olives Project No.2 which is offering returns in excess of 25 per cent per annum averaged over a 24 year period.

Australians consume more than $100 million worth of olive products every year yet 95 per cent are imported.

An olive processor has guaranteed to purchase all olives produced on our 7,000 acre plantation for the first ten years of production.

The ATO has issued a product ruling on the project, confirming investors are able to claim a 98 per cent deduction.

• Chris Preston is marketing manager for Australian Olives Ltd.

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