Propel Livestock Special Alert - 2025 Herd Values for Tax Purposes

Inland Revenue has recently announced this year’s livestock Herd Scheme Values and we think this is a great opportunity to update you on the latest movements.

The Herd Scheme Values are the National Average Market Values as determined by a process involving a review of the livestock market as at 30 April.

Consider your livestock election choices carefully. Even though changes were made to the Herd scheme in recent years, there is still flexibility around how to value increases in numbers – if you increase your numbers during the year, you can choose an alternative valuation option to value that increase. Whether you take that option or elect to value the increase using herd values will depend on several factors, such as:

• where we are in the cycle of livestock values (e.g. at the bottom, or at the top)

• if the increase is a permanent or a temporary one

• your longer-term intentions

  
  

As the decision is clearly one that should be made on a case-by-case basis, we can discuss your valuation options with you on review of your 2025 Financial Statements and Taxation Returns. Book a meeting with us here.

In this issue:

• Dairy Cattle

• Beef Cattle

• Sheep

• Deer

• Goats

If you would like a detailed report explaining the main features of the Herd and NSC Livestock Valuation methods, as well as a summary and graphic illustration of the Herd Scheme Values from 1987 through to 2025, please contact us.