Page 17 - SAIT Compendium 2016 Volume2

General INCOME TAX ACT: REGULATIONS AND NOTICES General PART D
STANDARD VALUES OF LIVESTOCK
D1. For the purpose of paragraph 6 of the First Schedule to the Act, the standard value applicable to any class of livestock shall in the case of every farmer who is required to account for such value be as set out hereunder:—
[‘in the case of every farmer who is required to account for such value’ inserted after ‘shall’ by GN R1814 of 8 October 1976]
Standard
Weaned lambs . . . . . . Goats—
Fully grown . . . . . . . .
Weaned kids . . . . . . . Horses—
Stallions, over 4 years Mares, over 4 years . . Geldings, over 3 years Colts and llies, 3 years Colts and llies, 2 years Colts and llies, 1 year .
Foals, under 1 year Donkeys—
Jacks, over 3 years Jacks, under 3 years Jennies, over 3 years . Jennies, under 3 years
Mules—
Four years and over . . Three years . . . . . . . . Two years . . . . . . . . . One year . . . . . . . . . .
Ostriches, fully grown . . . . Pigs—
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Over 6 months . . . . . .
Under 6 months (weaned) . . . . . . . . . . . . . . . . . . . . . . . . Poultry, over 9 months . . . . . . . . . . . . . . . . . . . . . . . . . . Chinchillas, all ages . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Classi cation
Values
50 40 40
30 14 4
6 6 6 2
4 2
40 30 30 10 8 6 2
4 2 4 2
30 20 14 6 6
12 6 1 1
Cattle— Bulls........................................................................... Oxen .......................................................................... Cows
Tollies and Heifers—
Two to three years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . One to two years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Calves ............................................................................. Sheep—
Wethers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Rams .......................................................................... Ewes ..........................................................................
SAIT CompendIum oF TAx LegISLATIon VoLume 2
9