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Technical tax area Ngā tūmomo whakataunga me ngā aratohu

National standard costs for specified livestock determination 2013

This determination may be cited as "The National Standard Costs for Specified Livestock Determination 2013".

This determination is made in terms of section EC 23 of the Income Tax Act 2007. It shall apply to any specified livestock on hand at the end of the 2012-2013 income year where the taxpayer has elected to value that livestock under the national standard cost scheme for that income year.

For the purposes of section EC 23 of the Income Tax Act 2007 the national standard costs for specified livestock for the 2012-2013 income year are as set out in the following table.

Kind of Livestock Category of Livestock National Standard Cost
    $
Sheep
  Rising 1 year 34.70
  Rising 2 year 22.60
Dairy Cattle
  Purchased bobby calves 171.40
  Rising 1 year 487.60
  Rising 2 year 119.20
Beef Cattle
  Rising 1 year 339.20
  Rising 2 year 190.10
  Rising 3 year male non-breeding cattle (all breeds) 190.10
Deer
  Rising 1 year 114.80
  Rising 2 year 56.50
Goats (Meat and Fibre)
  Rising 1 year 26.50
  Rising 2 year 18.20
Goats (Dairy)
  Rising 1 year 155.50
  Rising 2 year 26.40
Pigs
  Weaners to 10 weeks of age 105.30
  Growing pigs 10 to 17 weeks of age 87.20

This determination is signed by me on the 30th day of January 2013.

Rob Wells
LTS Manager, Technical Standards
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