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Technical tax area Ngā tūmomo whakataunga me ngā aratohu

National standard costs for specified livestock determination 2015

This determination may be cited as "The National Standard Costs for Specified Livestock Determination 2015".

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 2014-2015 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 2014-2015 income year are as set out in the following table.

Kind of Livestock Category of Livestock National Standard Cost
    $
Sheep
  Rising 1 year 30.80
  Rising 2 year 21.80
Dairy Cattle
  Purchased bobby calves 173.30
  Rising 1 year 486.10
  Rising 2 year 273.90
Beef Cattle
  Rising 1 year 329.10
  Rising 2 year 183.40
  Rising 3 year male non-breeding cattle (all breeds) 183.40
Deer
  Rising 1 year 103.70
  Rising 2 year 52.20
Goats (Meat and Fibre)
  Rising 1 year 25.60
  Rising 2 year 17.50
Goats (Dairy)
  Rising 1 year 176.80
  Rising 2 year 31.30
Pigs
  Weaners to 10 weeks of age 110.90
  Growing pigs 10 to 17 weeks of age 93.10

This determination is signed by me on the 23rd day of January 2015.

Rob Wells
LTS Manager, Technical Standards
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