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EC 5: Transfer of livestock because of self-assessed adverse event
or “Rules for helping farmers by giving or selling animals cheaply during tough times”
You could also call this:

“Rules for valuing specific farm animals for tax purposes”

Sections EC 7 to EC 27 tell you how to figure out the value of certain types of farm animals. These animals are called ‘specified livestock’ in the law. When you need to know how much these animals are worth for tax reasons, you should look at these sections. They have all the rules you need to follow to work out the correct value.

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Next up: EC 7: Valuation methods

or “How to choose and use methods for valuing farm animals for tax purposes”
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Part E Timing and quantifying rules
Valuation of livestock

EC 6Application of sections EC 7 to EC 27

  1. Sections EC 7 to EC 27 set out the rules for valuing specified livestock.

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