Livestock values
Taxpayers who hold livestock for the purposes of farming that livestock as part of their farming business, must value that livestock at the end of each income year using one of the available livestock valuation methods.
OS 25/02 Valuation of livestock
This statement describes the options available for farmers when valuing the livestock they have on hand at the end of an income year.
Each year the Commissioner of Inland Revenue makes determinations for valuing specified livestock for an income year. These are:
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the national average market values of specified livestock determination for taxpayers using the herd scheme, and
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the national standard costs for specified livestock for taxpayers using the national standard cost scheme
National Average Market Values (NAMV)
Livestock farmers who elect to use the heard scheme use the relevant NAMV's to value any specified livestock on hand.
Earlier annual NAMVs can be found here.
National Standard Costs (NSC)
Livestock farmers who elect to value livestock under the national standard cost scheme in the income year use the relevant NSCs to value any specified livestock on hand.
Earlier annual NSCs can be found here.