Farm Income Averaging - trying to exit

Hi Guys

Looking for some advice on the calculation of exiting from farm averaging.

Have a client who has been in it a couple of years and no looking to exit.

2012 will now be based on actual profits and so will need to review the earlier years. Is it 2011 and 2010 I need to revise or 2010 and 2009?

all help appreciated

First off they have to be averaging for 3 years.

To opt out you need to reassess the 2 years preceding the year preceding the year that you are opting out in.

So if opting out in 2012, then you need to review 2009 & 2010 to increase the profit assessed in 2011.
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Joe - thanks for that - that was what I thought but good ole revenue and ITI books make it as clear as mud!