P19 Trading stock election



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Have you made a trading stock election?


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You need to know

If you have valued trading stock on hand at the end of the income year at an amount that is less than the lowest amount available using one of the valuation methods at Closing stock, you must notify the Commissioner.

Completing this item

If you must notify the Commissioner about your trading stock election, print Y at P item P19 on page 4 of your schedule. Otherwise leave P blank.


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Last modified: 25 Oct 2011QC 27987