2019 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 2019 on 24 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 2018/2019 income year are:

Type of livestock National Standard Cost
Category of livestock $
Sheep 2018/2019 2017/2018
Rising 1 year 34.20  (a) 34.60
Rising 2 year (b) 24.10 24.10
Beef cattle 2018/2019 2017/2018
Rising 1 year 368.10 362.50
Rising 2 year 203.60 203.40
Rising 3 year male non-breeding cattle (all breeds) 203.60 203.40
Dairy cattle 2018/2019 2017/2018
Purchased bobby calves 192.40 186.00
Rising 1 year 430.60 437.30
Rising 2 year 338.40 333.30
Deer 2018/2019 2017/2018
Rising 1 year 92.20 95.30
Rising 2 year 53.50 49.30

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 2017/2018: $34.60 (a)
Rising 2 year 2018/2019: $24.10 (b)
2019 NSC value: $58.70 (assuming no sales and purchases of stock during this period)

If you require the 2018/2019 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

2018/2019

2017/2018

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