NSC 2021
Issued
28 Jan 2021

National standard costs for specified livestock determination 2021

2021 determination lists the national standard costs for specified livestock.

Tax Information Bulletin Vol 33 No 2 - March 2021

This determination may be cited as "The National Standard Costs for Specified Livestock Determination 2021".

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 2020-2021 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 2020-2021 income year is as set out in the following table.

Kind of Livestock Category of Livestock National Standard Cost $
Sheep
Rising 1 year 37.50
Rising 2 year 26.90
Dairy Cattle
Purchased bobby calves 189.60
Rising 1 year 450.80
Rising 2 year 309.70
Beef Cattle
Rising 1 year 399.80
Rising 2 year 226.20
Rising 3 year male non-breeding cattle (all breeds) 226.20
Deer
Rising 1 year 106.40
Rising 2 year 62.00
Goats (Meat and Fibre)
Rising 1 year 31.60
Rising 2 year 21.60
Goats (Dairy)
Rising 1 year 273.80
Rising 2 year 58.30
Pigs
Weaners to 10 weeks of age 106.90
Growing pigs 10 to 17 weeks of age 88.00

This determination is signed by me on the 28th day of January 2021.

Rhys Brown
National Advisor, Technical Standards, Legal Services