INCOME TAX ASSESSMENT REGULATIONS 1997

PART 2 - LIABILITY RULES OF GENERAL APPLICATION  

Division 70 - Trading stock  

REGULATION 70-55.01   70-55.01   COST OF NATURAL INCREASE OF LIVE STOCK - 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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