QB 21/09
Issued
09 Sep 2021

How to determine the cost price of bloodstock

This question we’ve been asked outlines how to determine the cost price of bloodstock. It is relevant to a person who has a bloodstock breeding business.

Income Tax Act 2007 ss EC 2, EC 3, EC 38-45, EZ 5-6 and s YA 1

TRA Case S12 (1995) 17 NZTC 7,102