Livestock determinations: National standard costs for specified livestock determinations
National standard costs for specified livestock determination 2007
This determination may be cited as "The National Standard Costs for Specified Livestock Determination 2007".
This determination is made in terms of section EC 23 of the Income Tax Act 2004. It shall apply to any specified livestock on hand at the end of the 2006-2007 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 2004 the national standard costs for specified livestock for the 2006-2007 income year are as set out in the following table.
| Kind of livestock | Category of livestock | National standard cost |
|---|---|---|
| $ | ||
| Sheep | ||
| Rising 1 year | 24.70 | |
| Rising 2 year | 17.00 | |
| Dairy cattle | ||
| Purchased bobby calves | 138.00 | |
| Rising 1 year | 652.00 | |
| Rising 2 year | 93.30 | |
| Beef cattle | ||
| Rising 1 year | 243.80 | |
| Rising 2 year | 143.30 | |
| Rising 3 year male non-breeding cattle (all breeds) | 143.30 | |
| Deer | ||
| Rising 1 year | 79.80 | |
| Rising 2 year | 39.20 | |
| Goats (meat and fibre) | ||
| Rising 1 year | 19.50 | |
| Rising 2 year | 13.60 | |
| Goats (dairy) | ||
| Rising 1 year | 122.60 | |
| Rising 2 year | 19.90 | |
| Pigs | ||
| Weaners to 10 weeks of age | 82.50 | |
| Growing pigs 10 to 17 weeks of age | 63.90 | |
This determination is signed by me on the 31st day of January, 2007.
Susan Price
Senior Tax Counsel
Other pages in: National standard costs for specified livestock determinations
- National standard costs for specified livestock determination 2012
- National standard costs for specified livestock determination 2011
- National standard costs for specified livestock determination 2010
- National standard costs for specified livestock determination 2009
- National standard costs for specified livestock determination 2008
- National standard costs for specified livestock determination 2006
- National standard costs for specified livestock determination 2005
- National standard costs for specified livestock determination 2004
- National standard costs for specified livestock determination 2003
- National standard costs for specified livestock determination 2002
- Livestock values - 2001 national standard costs of specified livestock
- Livestock values - 2000 national standard costs of specified livestock
- Livestock values - 1999 national standard costs of specified livestock
- 1998 National Standard Costs for Specified Livestock
- 1997 National Standard Costs for Specified Livestock
Date published: 11 Oct 2006
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