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NSC 2024
05 Mar 2024

National standard costs for specified livestock determination 2024

2024 determination lists the national standard costs for specified livestock.

Tax Information Bulletin - Vol 36 No 3, April 2024

This determination may be cited as "The National Standard Costs for Specified Livestock Determination 2024".

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 2023-2024 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 2023-2024 income year are as set out in the following table.

Kind of Livestock Category of Livestock National Standard Cost $
Rising 1 year 45.60
Rising 2 year 32.30
Dairy Cattle
Purchased bobby calves 230.50
Rising 1 year 614.90
Rising 2 year 364.60
Beef Cattle
Rising 1 year 476.30
Rising 2 year 272.80
Rising 3-year male non-breeding cattle (all breeds) 272.80
Rising 1 year 157.60
Rising 2 year 78.80
Goats (Meat and Fibre)
Rising 1 year 37.90
Rising 2 year 25.90
Goats (Dairy)
Rising 1 year 270.70
Rising 2 year 57.10
Weaners to 10 weeks of age 130.50
Growing pigs 10 to 17 weeks of age 105.40



This determination is signed by me on the 4 March 2024.



Matthew Evans

Technical Lead

Technical Standards, Legal Services