Notice Type
Departmental
Notice Title

National Standard Costs for Specified Livestock Determination, 2004

This determination may be cited as "The National Standard Costs for Specified Livestock Determination, 2004".
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 2003-2004 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 2003-2004 income year, are as set out in the following table.
Table
Kind ofLivestock Category of Livestock National Standard Cost$
Sheep Rising 1 year 23.00
Rising 2 year 14.90
Dairy Cattle Purchased bobby calves 128.00
Rising 1 year 694.00
Rising 2 year 86.00
Beef Cattle Rising 1 year 216.00
Rising 2 year 125.00
Rising 3 year male non-breeding cattle (all breeds) 125.00
Deer Rising 1 year 75.40
Rising 2 year 38.00
Goats (meatand fibre) Rising 1 year 17.40
Rising 2 year 11.90
Goats (dairy) Rising 1 year 100.00
Rising 2 year 16.40
Pigs Weaners to 10 weeks of age 81.40
Growing pigs 10 to 17 weeksof age 63.80
This determination is signed by me on the 22nd day of January 2004.
MARTIN SMITH, General Manager (Adjudication
& Rulings).