Income Tax Act, 1962 (Act 58 of 1962)

Regulations under Section 107 of the Income Tax Act 1962

Part D: Standard values of Livestock

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D1For 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 set out hereunder:-

 

Classification

Standard Values


R

Cattle-

 

Bulls

50

Oxen

40

Cows

40

Tollies and Heifers-

 

Two to three years

30

One to two years

14

Calves

4

Sheep-

 

Wethers

6

Rams

6

Ewes

6

Weaned lambs

2

Goats-

 

Fully grown

4

Weaned kids

2

Horses-

 

Stallions, over 4 years

40

Mares, over 4 years

30

Geldings, over 3 years

30

Colts and fillies, 3 years

10

Colts and fillies, 2 years

8

Colts and fillies, 1 year

6

Foals, under 1 year

2

Donkeys-

 

Jacks, over 3 years

4

Jacks, under 3 years

2

Jennies, over 3 years

4

Jennies, under 3 years

2

Mules-

 

Four years and over

30

Three years

20

Two years

14

One year

6

Ostriches, fully grown

6

Pigs-

 

Over 6 months

12

Under 6 months (weaned)

6

Poultry, over 9 months

1

Chinchillas, all ages

1