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  • Stock on hand



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

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    You can choose to value livestock on hand at the end of the income year at cost, market selling value 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 2001, the value of livestock on hand should be the same as the assessed value at 30 June 2001.

    Last modified: 28 Oct 2003QC 27421