Stock on hand

You can choose to value livestock on hand at the end of the income year at either cost, market selling or replacement value. An additional option is available for certain horse breeding stock. You may change the basis of valuation year by year and different valuation bases may be adopted in respect of individual items of livestock. At 1 July 2000 the value of livestock on hand should be the same as the assessed value at 30 June 2000.