Inland Revenue have released the National standard costs for specified livestock determination for 2022.
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 or that income year.
The NSC value of an animal is calculated as its cumulative costs and an adjustment for sales and purchases. This can be tricky and we highly recommend getting help. Fortunately this is what we’re good at! So please get in Contact.