2022 National Standard Cost
2022 livestock values for tax purposes
The National Standard costs for the 2021/2022 income year were released on 28 February 2022. They are produced in the table below:
The NSC value of an animal is calculated with its cumulative costs and an adjustment for sales and purchases. For example a Rising 2 year sheep in 2022 may have a value calculated as below:
Rising 1 year 2021 $37.50(a)
Rising 2 year 2022 $27.00 (b)
2022 NSC value $64.50
(assuming no sales and purchases of stock during this period)
The 2022 National Average Market values are expected to be released in May 2022.
The information contained in this bulletin is of a general nature and should be used as a guide only.
Clients should consult a senior representative of Gilmore Taylor Associates Ltd for specific advice before taking action on any matters herein.