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dc.contributor.authorAllen, Christina
dc.identifier.citationAllen, C. 2020. Taxation of Live Stock in Australia: A Critical Review of Tax Law and Policy. Australian Tax Review. 49 (3): pp. 209-233.

One of the fundamental aims of any income tax system is to measure the net income earned by taxpayers during a given financial year. This can be difficult for primary production businesses involving live animals because animals are inherently different from other kinds of assets. Whereas previously Australia's tax system allowed primary producers to use either a market valuation of cost-based valuation to assess the value of their animals, Income Tax Assessment Act 1997 (Cth) introduced changes that brought live animals under the rules for ordinary training stock. This article offers a critique of the policies embodied in the Act and its approach to taxing animals in primary production. In [articular, it highlights the outdated prescribed values given to live stock acquired through natural increase (ie offspring) and biased tax concessions that apply to certain types of animals. These tax rules have not been reviewed in decades ad urgently need to be reassessed.

dc.publisherThomson Reuters
dc.titleTaxation of Live Stock in Australia: A Critical Review of Tax Law and Policy
dc.typeJournal Article
dcterms.source.titleAustralian Tax Review

This article was first published by Thomson Reuters in the Australian Tax Review and should be cited as Allen, C., Taxation of Live Stock in Australia: A Critical Review of Tax Law and Policy, 2020, 49, Aust Tax Rev, 49. For all subscription inquiries please phone, from Australia: 1300 304 195, from Overseas: +61 2 8587 7980 or online at The official PDF version of this article can also be purchased separately from Thomson Reuters.

This publication is copyright. Other than for the purposes of and subject to the conditions prescribed under the Copyright Act 1968 (Cth), no part of it may in any form or by any means (electronic, mechanical, microcopying, photocopying, recording or otherwise) be reproduced, stored in a retrieval system or transmitted without prior written permission. Enquiries should be addressed to Thomson Reuters (Professional) Australia Limited. PO Box 3502, Rozelle NSW 2039.

curtin.departmentCurtin Law School
curtin.accessStatusOpen access
curtin.facultyFaculty of Business and Law
curtin.contributor.orcidAllen, Christina [0000-0001-6454-6131]

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