• Stock on hand

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    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 for individual livestock.

    At 1 July 2002, the value of livestock on hand should be the same as the value of your closing stock at 30 June 2002 that you used for your 2001-02 tax return.

    Last modified: 09 Feb 2006QC 27451