Schedule 18: Categories of livestock for which national standard costs to be declared
You could also call this:
“Livestock costs for tax: what you must declare for different farm animals”
The Income Tax Act 2007 has rules about livestock costs. You need to know what types of livestock are included. These are beef cattle, dairy cattle, deer, goats, pigs, and sheep.
The rules say what costs you must declare for each type of livestock. For example, for beef cattle, you declare breeding, rearing, and growing costs for rising 1 year cattle. You can find more information about these rules in sections ss EC 23 and EC 24 of the Act.
You must declare different types of costs for different ages and types of livestock. For instance, pigs have different costs for weaners and growing pigs. The costs are for breeding, rearing, and growing, or just rearing and growing, depending on the type and age of the livestock.
18Categories of livestock for which national standard costs to be declared Empowered by
ss EC 23, EC 24
This is a small table having 3 columns. The first row is the headings for the columns. The heading for column 2 has several lines of text. The entries in column 2 are lists of categories, with some categories having more than 1 line of text. The entries in column 3 have a line of text corresponding to each category in column 2.
Column 1
Column 2
Column 3
Types of livestock
Categories for which national standard costs to be declared
Types of costs to be declared
Beef cattle
Rising 1 year
Breeding, rearing, and growing
Rising 2 year
Rearing and growing
Rising 3 year male non-breeding cattle (all breeds)
