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Income Tax Act 2007

Timing and quantifying rules - Valuation of livestock - Definitions

EC 28: Application of sections EC 29 to EC 31

You could also call this:

“Rules for valuing livestock not on the specified list”

Sections EC 29 to EC 31 tell you how to value non-specified livestock. These rules help you figure out how much your non-specified livestock is worth. Non-specified livestock means animals that are not on a special list. You need to know these rules if you have animals that are not on the specified livestock list.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1514421.

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Money and consumer rights > Taxes
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EC 27: Some definitions, or

“Explains what long-term and short-term livestock bailment means”

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EC 29: Determining standard values, or

“How the Commissioner sets yearly standard values for non-specified livestock”

Part E Timing and quantifying rules
Valuation of livestock: Definitions

EC 28Application of sections EC 29 to EC 31

  1. Sections EC 29 to EC 31 set out the rules for valuing non-specified livestock.

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