Income Tax Assessment Regulations 1997
PART 2
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LIABILITY RULES OF GENERAL APPLICATION
For paragraph 70-55(1)(b) of the Act, the cost prescribed for each animal in a class of live stock set out in column 1 of the following table is the amount applicable to that class in column 2 of the table.
Division 70
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Trading stock
REGULATION 70-55.01
70-55.01
COST OF NATURAL INCREASE OF LIVE STOCK
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PARAGRAPH 70-55(1)(b) OF ACT
For paragraph 70-55(1)(b) of the Act, the cost prescribed for each animal in a class of live stock set out in column 1 of the following table is the amount applicable to that class in column 2 of the table.
Column 1
Class of live stock |
Column 2
Cost $ |
cattle | 20.00 |
deer | 20.00 |
emus | 8.00 |
goats | 4.00 |
horses | 20.00 |
pigs | 12.00 |
poultry | 0.35 |
sheep | 4.00 |
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