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Technical tax area Ngā tūmomo whakataunga me ngā aratohu

National standard costs for specified livestock determination 2019

This determination may be cited as "The National Standard Costs for Specified Livestock Determination 2019".

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 2018-2019 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 2018-2019 income year is as set out in the following table.

Kind of Livestock Category of Livestock National Standard Cost $
Sheep
  Rising 1 year 34.20
  Rising 2 year 24.10
Dairy Cattle
  Purchased bobby calves 192.40
  Rising 1 year 430.60
  Rising 2 year 338.40
Beef Cattle
  Rising 1 year 368.10
  Rising 2 year 203.60
  Rising 3 year male non-breeding cattle (all breeds) 203.60
Deer
  Rising 1 year 92.20
  Rising 2 year 53.50
Goats (Meat and Fibre)
  Rising 1 year 28.30
  Rising 2 year 19.40
Goats (Dairy)
  Rising 1 year 215.00
  Rising 2 year 50.00
Pigs
  Weaners to 10 weeks of age 104.30
  Growing pigs 10 to 17 weeks of age 87.60

This determination is signed by me on the 24th day of January 2019.

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