Valuing Livestock for Taxation Purposes

Farm Table says:

This webpage gives some guidelines as to how to value your livestock at the end of the financial year as part of determining your net income.

This webpage is produced by the Australian Taxation Office with the aim to assist you with valuing your livestock for taxation purposes.

You are required to value your livestock at the end of each year as part of determining your net income from primary production.

You can choose to value livestock at cost, market selling value, or replacement value.

The key sections include:

  • Small businesses – simplified trading stock rules
  • Goods taken from stock for private use
  • Natural increase
  • Information for oyster farmers and beekeepers
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Last Edited:
24/03/2025
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Bradley Dawson
Bradley Dawson

Bradley is a seasoned copywriter at Farm Table, bringing decades of experience in journalism and content creation. Formerly a producer and journalist for the Telstra Sports website, he has honed his skills in crafting engaging and informative content. Now, he applies his expertise to the Australian agriculture sector, delivering high-quality writing that informs and supports the Australian farming community.

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