✨ Income Tax Livestock Valuation
31 MAY 2007 NEW ZEALAND GAZETTE, No. 58 1503
Inland Revenue
Income Tax Act 2004
National Average Market Values of Specified Livestock Determination 2007
This determination may be cited as "The National Average Market Values of Specified Livestock Determination, 2007".
This determination is made in terms of section EC 15 of the Income Tax Act 2004 and shall apply to specified livestock on hand at the end of the 2006–2007 income year.
For the purposes of section EC 15 of the Income Tax Act 2004, the national average market values of specified livestock for the 2006–2007 income year are as set out in the following table.
Table
National Average Market Values of Specified Livestock
| Type of Livestock | Classes of Livestock | Average Market Value per Head $ |
|---|---|---|
| Sheep | Ewe hoggets | 54.00 |
| Ram and wether hoggets | 48.00 | |
| Two-tooth ewes | 75.00 | |
| Mixed-age ewes (rising three-year and four-year ewes) | 65.00 | |
| Rising five-year and older ewes | 48.00 | |
| Mixed-age wethers | 37.00 | |
| Breeding rams | 215.00 | |
| Beef cattle | Beef breeds and beef crosses: | |
| Rising one-year heifers | 406.00 | |
| Rising two-year heifers | 620.00 | |
| Mixed-age cows | 752.00 | |
| Rising one-year steers and bulls | 502.00 | |
| Rising two-year steers and bulls | 720.00 | |
| Rising three-year and older steers and bulls | 882.00 | |
| Breeding bulls | 1,546.00 | |
| Dairy cattle | Friesian and related breeds: | |
| Rising one-year heifers | 594.00 | |
| Rising two-year heifers | 1,075.00 | |
| Mixed-age cows | 1,245.00 | |
| Rising one-year steers and bulls | 379.00 | |
| Rising two-year steers and bulls | 618.00 | |
| Rising three-year and older steers and bulls | 797.00 | |
| Breeding bulls | 1,067.00 | |
| Jersey and other dairy cattle: | ||
| Rising one-year heifers | 524.00 | |
| Rising two-year heifers | 986.00 | |
| Mixed-age cows | 1,176.00 | |
| Rising one-year steers and bulls | 271.00 | |
| Rising two-year and older steers and bulls | 461.00 | |
| Breeding bulls | 785.00 | |
| Deer | Red deer: | |
| Rising one-year hinds | 152.00 | |
| Rising two-year hinds | 270.00 | |
| Mixed-age hinds | 296.00 | |
| Rising one-year stags | 184.00 |
| Type of Livestock | Classes of Livestock | Average Market Value per Head $ |
|---|---|---|
| Deer | Rising two-year and older stags (non-breeding) | 301.00 |
| Breeding stags | 1,226.00 | |
| Wapiti, elk and related crossbreeds: | ||
| Rising one-year hinds | 172.00 | |
| Rising two-year hinds | 302.00 | |
| Mixed-age hinds | 359.00 | |
| Rising one-year stags | 206.00 | |
| Rising two-year and older stags (non-breeding) | 338.00 | |
| Breeding stags | 1,240.00 | |
| Other breeds: | ||
| Rising one-year hinds | 67.00 | |
| Rising two-year hinds | 115.00 | |
| Mixed-age hinds | 150.00 | |
| Rising one-year stags | 86.00 | |
| Rising two-year and older stags (non-breeding) | 136.00 | |
| Breeding stags | 407.00 | |
| Goats | Angora and angora crosses (mohair producing): | |
| Rising one-year does | 27.00 | |
| Mixed-age does | 41.00 | |
| Rising one-year bucks (non-breeding)/wethers | 20.00 | |
| Bucks (non-breeding)/wethers over one year | 19.00 | |
| Breeding bucks | 77.00 | |
| Other fibre and meat producing goats (Cashmere or Cashgora producing): | ||
| Rising one-year does | 31.00 | |
| Mixed-age does | 43.00 | |
| Rising one-year bucks (non-breeding)/wethers | 30.00 | |
| Bucks (non-breeding)/wethers over one year | 29.00 | |
| Breeding bucks | 140.00 | |
| Milking (dairy) goats: | ||
| Rising one-year does | 170.00 | |
| Does over one year | 250.00 | |
| Breeding bucks | 300.00 | |
| Other dairy goats | 25.00 | |
| Pigs | Breeding sows less than one year of age | 187.00 |
| Breeding sows over one year of age | 231.00 | |
| Breeding boars | 324.00 | |
| Weaners less than 10 weeks of age (excluding sucklings) | 56.00 | |
| Growing pigs 10 to 17 weeks of age (porkers and baconers) | 107.00 | |
| Growing pigs over 17 weeks of age (baconers) | 176.00 |
This determination is signed by me on the 24th day of May 2007.
SUSAN PRICE, Senior Tax Counsel.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2007, No 58
Gazette.govt.nz —
NZ Gazette 2007, No 58
✨ LLM interpretation of page content
💰 National Average Market Values of Specified Livestock Determination 2007
💰 Finance & Revenue24 May 2007
Income Tax, Livestock, Market Values, Sheep, Beef Cattle, Dairy Cattle, Deer, Goats, Pigs
- Susan Price, Senior Tax Counsel