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Taxation notes for livestock valuation and wool sales
In Manilla the Taxation Department outlines correct methods for valuing livestock and wool sales. It covers cost price versus market value, recording stock at key dates, averaging costs for large flocks, allowable deductions for production costs, and treatment of interest on conditional land purchases. The report also notes wool auction trends, with declines in greasy Merinos and steady crossbreds, and outlines upcoming sale schedules and cautions against trespass and stock theft.
MENTIONED IN THIS ARTICLE
Manilla Graziers Association
G. Manning
Taxation Department
Parners Hon Shold
Treasury
Ney
Sydney
Phy Farmers and’ Graziers’ Cooperative Co, Ltd
London
Greasy Super Merinos