This determination may be cited as "The National Standard Costs for Specified Livestock Determination, 2003".
This determination is made in terms of section EL 3A of
the Income Tax Act 1994.
It shall apply to any specified livestock on hand at the end
of the 2002-2003 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 EL 3A of the Income Tax Act 1994, the national standard costs for specified livestock, for the 2002-2003 income year, are as set out in the following table.
Table
Kind ofLivestock Category of Livestock National Standard Cost$
Sheep Rising 1 year 21.50
Rising 2 year 13.90
Dairy Cattle Purchased bobby calves 143.00
Rising 1 year 612.00
Rising 2 year 97.10
Beef Cattle Rising 1 year 202.00
Rising 2 year 117.00
Rising 3 year male non-breeding cattle (all breeds) 117.00
Deer Rising 1 year 64.40
Rising 2 year 32.50
Goats (meatand fibre) Rising 1 year 16.30
Rising 2 year 11.20
Goats (dairy) Rising 1 year 96.90
Rising 2 year 15.80
Pigs Weaners to 10 weeks of age 83.40
Growing pigs 10 to 17 weeksof age 65.70
This determination is signed by me on the 30th day of January 2003.
MARTIN SMITH, General Manager (Adjudication
& Rulings).