Livestock Herd Scheme Values

A general summary of the findings are:

Careful consideration needs to be given to your livestock election choices. Even though changes were made to the Herd Scheme in recent years, there is still flexibility around how to value increases in numbers - if you increase your numbers during the year you are able to choose an alternative valuation option to value that increase. Whether you take that option or you elect to value the increase using herd values will depend on a number of factors - such as:

  • where we are in the cycle of livestock values (e.g. at the bottom, or at the top)
  • if the increase is a permanent or a temporary one
  • your longer term intentions

As the decision is clearly one that should be made on a case by case basis, we will naturally discuss your valuation options with you on review of your 2014 financial statements and taxation returns.

Disclaimer: This publication has been carefully prepared, but it has been written in general terms only. The publication should not be relied upon to provide specific information without also obtaining appropriate professional advice after detailed examination of your particular situation.

Posted: Thu 11 Jun 2015

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