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NSC 2020
27 Jan 2020

National standard costs for specified livestock determination 2020

2020 determination lists the national standard costs for specified livestock.

TIB Volume 32 No 2 March 2020

This determination may be cited as "The National Standard Costs for Specified Livestock Determination 2020".

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 2019-2020 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 2019-2020 income year is as set out in the following table.

Kind of Livestock Category of Livestock National Standard Cost $
  Rising 1 year 36.60
  Rising 2 year 26.10
Dairy Cattle
  Purchased bobby calves 194.20
  Rising 1 year 453.00
  Rising 2 year 337.30
Beef Cattle
  Rising 1 year 388.10
  Rising 2 year 220.10
  Rising 3 year male non-breeding cattle (all breeds) 220.10
  Rising 1 year 90.70
  Rising 2 year 56.50
Goats (Meat and Fibre)
  Rising 1 year 30.70
  Rising 2 year 21.00
Goats (Dairy)
  Rising 1 year 258.80
  Rising 2 year 57.00
  Weaners to 10 weeks of age 104.40
  Growing pigs 10 to 17 weeks of age 86.80

This determination is signed by me on the 27th day of January 2020.

Rob Falk
National Advisor, Technical Standards (Published Statements), Legal Services