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.

Tax Information Bulletin Vol 33 No 9 - October 2021

Legislative References

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

Case References

TRA Case S12 (1995) 17 NZTC 7,102

QB 21/09: How to determine the cost price of bloodstock

pdf - 345.15 KB - 10 pages

Reference

QB 21/09

Issued

09 Sep 2021