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Technical tax area Ngā tūmomo whakataunga me ngā aratohu

National standard costs for specified livestock determination 2014

This determination may be cited as "The National Standard Costs for Specified Livestock Determination 2014".

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 2013-2014 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 2013-2014 income year are as set out in the following table.

Kind of Livestock Category of Livestock National Standard Cost
  Rising 1 year 37.70
  Rising 2 year 24.70
Dairy Cattle
  Purchased bobby calves 170.10
  Rising 1 year 510.00
  Rising 2 year 225.60
Beef Cattle
  Rising 1 year 369.70
  Rising 2 year 207.80
  Rising 3 year male non-breeding cattle (all breeds) 207.80
  Rising 1 year 124.00
  Rising 2 year 62.10
Goats (Meat and Fibre)
  Rising 1 year 29.00
  Rising 2 year 19.90
Goats (Dairy)
  Rising 1 year 162.30
  Rising 2 year 28.00
  Weaners to 10 weeks of age 112.10
  Growing pigs 10 to 17 weeks of age 92.60

This determination is signed by me on the 27th day of January 2014.

Rob Wells
LTS Manager, Technical Standards
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