Industry guidelines
Industry guidelines for winemakers for income tax purposes
About this guide
The Income Tax Act 1994 sets out the rules for the valuation of trading stock at balance date.Trading stock held at balance date for wineries will include stock in the process of fermenting, maturing wines and wines held for sale. This guide explains these rules.
Adobe Acrobat PDF | 151kb | 7 pages
When to use this guide
If you are in the wine indusrty and you are wanting to understand the approach taken by Inland Revenue to the valuation of trading stock for winemakers for income tax purposes.
What you will need
