2020 NSC Scheme values

Group of black and white dairy cows in a paddock

Inland Revenue released the determination of national standard costs (NSCs) of livestock for 2020 on 29 January. The annually-updated NSCs are used by taxpayers who have elected to value livestock under the national standard cost scheme to value their livestock on hand for that income year.

The NSCs for the following classes of livestock for the 2019/2020 income year are:

Type of livestock National Standard Cost
Category of livestock $
Sheep 2019/2020 2018/2019
Rising 1 year 36.60  (a) 34.20
Rising 2 year (b) 26.10 24.10
Beef cattle 2019/2020 2018/2019
Rising 1 year 388.10 368.10
Rising 2 year 220.10 203.60
Rising 3 year male non-breeding cattle (all breeds) 220.10 203.60
Dairy cattle 2019/2020 2018/2019
Purchased bobby calves 194.20 192.40
Rising 1 year 453.00 430.60
Rising 2 year 337.30 338.40
Deer 2019/2020 2018/2019
Rising 1 year 90.70 92.20
Rising 2 year 56.50 53.50

The NSC values of an animal is calculated with its cumulative costs and an adjustment for sales and purchases. To illustrate, a rising 2 year sheep may have a value calculated as below:

Rising 1 year 2018/2019: $34.20 (a)
Rising 2 year 2019/2020: $26.10 (b)
2020 NSC value: $60.30 (assuming no sales and purchases of stock during this period)

If you require the 2019/2020 NSCs for goats or pigs, please e-mail or phone our office.

To download a PDF of the above information, please click here.

Source: www.ird.govt.nz

2019/2020

2018/2019

Related Pages:

Meet The Team

Ean Brown
Director/ Chartered Accountant
FIND OUT MORE
Barbara Collinson
Team Manager/ Chartered Accountant
FIND OUT MORE
Andrea Allen
Chartered Accountant
FIND OUT MORE
Deriarny Evitts
Trainee Accountant
FIND OUT MORE
Jared Slatter
Chartered Accountant
FIND OUT MORE
Pam Brown
Accounting Technician
FIND OUT MORE
Sally Adams
Chartered Accountant
FIND OUT MORE
Suzie Dossett
Accountant
FIND OUT MORE
Denise Bellamy
Tax Administration
FIND OUT MORE
Julie Jenkins
Administration
FIND OUT MORE
Renee Marais
Reception
FIND OUT MORE
Sheila Ujdur
Administration
FIND OUT MORE
Lena Watene
Administration
FIND OUT MORE
Meet more of the team

Contact / Connect