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Livestock and other assets

Explains special rules that apply to livestock and to certain other types of assets and capital expenditure.

Last updated 23 August 2016

Deductions for most assets used in a business of primary production are calculated using the same rules as those for other businesses. Special rules apply to livestock and to certain other types of assets and capital expenditure.

Find out about:

Valuing livestock

How to value your livestock at the end of each year to determine your net income from primary production.

Depreciating assets

There are special rules to work out the decline in value of certain depreciating assets.

Deductions and offsets for capital expenditure

Primary producers can claim specific deductions for certain capital expenditure.

Water and carbon sequestration rights

Water and carbon sequestration rights are capital gains tax (CGT) assets.

QC42308