Toggle left hand content menu
  • Simplified trading stock rules

    What accessing this concession means What not accessing this concession means Are there any other eligibility criteria? How do I access this concession?

    You can choose not to conduct a stocktake (and account for changes in the value of your trading stock) if there is a difference of $5,000 or less between:

    • the value of your stock on hand at the start of the income year
    • a reasonable estimate of the value of your stock on hand at the end of the income year.
     

    You will need to conduct a stocktake and account for changes in the value of your trading stock.

    No

    You access this concession at the end of the financial year when calculating amounts for your tax return (trading stock on hand value).

    You don’t need to notify us of your decision to use this concession.

    You will need to record how you estimated the value of your trading stock on hand.

    Further information

    Find out more

    Simplified trading stock rules.

    End of further information
    • Last modified: 26 Jun 2013QC 22651