P19 trading stock election

Have you made a trading stock election?


Go to Check that you have… below.


Read on.

You need to know

If you have valued trading stock on hand at the end of the year of income 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 question

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.

Check that you have…



This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

End of attention
Last modified: 15 Mar 2007QC 27592