Income Tax Assessment (1997 Act) Regulations 2021
CHAPTER 2
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LIABILITY RULES OF GENERAL APPLICATION
PART 2-25
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TRADING STOCK
Division 70
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Trading stock
Subdivision 70-C
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Accounting for trading stock you hold at the start or end of the income year
SECTION 70-55.01
70-55.01
COST OF NATURAL INCREASE OF LIVE STOCK
For the purposes of paragraph 70-55(1)(b) of the Act, the cost prescribed for each animal in a class of live stock specified in column 1 of an item in the following table is the amount specified in column 2 of that item.
For the purposes of paragraph 70-55(1)(b) of the Act, the cost prescribed for each animal in a class of live stock specified in column 1 of an item in the following table is the amount specified in column 2 of that item.
| Cost of natural increase of live stock | ||
| Item |
Column 1
Class of live stock |
Column 2
Cost $ |
| 1 | cattle | 20.00 |
| 2 | deer | 20.00 |
| 3 | emus | 8.00 |
| 4 | goats | 4.00 |
| 5 | horses | 20.00 |
| 6 | pigs | 12.00 |
| 7 | poultry | 0.35 |
| 8 | sheep | 4.00 |