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Takapuna office closure | Takapuna office closure. The Takapuna office is relocating to a new address so will be closed from 22 November 4pm to 26 November 4pm. From 27 November you can find the new office at: 74 Taharoto Road Smales Farm, One NZ Building, Takapuna.

Some services unavailable 23 - 24 November | myIR, gateway services and our self-service phone line will not be available from 3pm Saturday 23 November to 9am Sunday 24 November while we do planned system testing. This will not affect any tax entitlements or payments scheduled during this time.

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These are the eligibility requirements for spreading income over tax years, if compensation for culling a herd has given you a high taxable income.

  • Biosecurity New Zealand has required a cull of stock affected by Mbovis
  • your business is a dairy or beef-breeding operation
  • you've used the national standard cost (NSC) or self-assessed cost (SAC) scheme to value the female breeding stock that were culled.

If you're not sure about these schemes, make sure you talk to a tax agent.

Requirements for culled breeding stocks

If you culled breeding stock because of Mbovis, 75% of the culled stock must be mixed-aged cows. This applies to any class, or combination of classes, of breeding stock. You must also make sure the:

  • stock is replaced by purchasing approximately equivalent breeding stock by the end of the tax year following the cull year
  • replacement stock continues to be valued using, as relevant, the NSC or the SAC scheme.

If you meet these requirements, you can spread income from a cull when the cull year falls on or before the 2027-2028 tax year.

Send a notice for spreading income from culls

Last updated: 10 Oct 2024
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