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Technical tax area Ngā tūmomo whakataunga me ngā aratohu

National standard costs for specified livestock determination 2018

This determination may be cited as "The National Standard Costs for Specified Livestock Determination 2018".

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 2017-2018 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 2017-2018 income year is as set out in the following table.

Kind of Livestock Category of Livestock National Standard Cost $
Sheep
  Rising 1 year 34.60
  Rising 2 year 24.10
Dairy Cattle
  Purchased bobby calves 186.00
  Rising 1 year 437.30
  Rising 2 year 333.30
Beef Cattle
  Rising 1 year 362.50
  Rising 2 year 203.40
  Rising 3 year male non-breeding cattle (all breeds) 203.40
Deer
  Rising 1 year 95.30
  Rising 2 year 49.30
Goats (Meat and Fibre)
  Rising 1 year 28.30
  Rising 2 year 19.40
Goats (Dairy)
  Rising 1 year 184.50
  Rising 2 year 40.50
Pigs
  Weaners to 10 weeks of age 103.90
  Growing pigs 10 to 17 weeks of age 86.20

This determination is signed by me on the 1st day of February 2018.

Rob Wells
Manager, Technical Standards, Office of the Chief Tax Counsel