Income Tax Act, 1962 (Act No. 58 of 1962)RegulationsRegulations under Section 107 of the Income Tax Act, 1962Part 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 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 |