Once an animal is classified as livestock any consideration received or accrued on its disposal must be included in the farmer’s gross income regardless of whether the animal was acquired as fixed capital or floating capital. The value of livestock held and not disposed of at the end of the year of assessment (“closing stock”) is included in income and the value of livestock held and not disposed of at the beginning of the year of assessment (“opening stock”) is allowed as a deduction from income. The general rule in paragraph 2 is that all farmers, including companies carrying on farming operations, are required to include in their tax returns the value of their livestock held and not disposed of at the beginning and at the end of each year of assessment. The livestock must be used in the farming operations to fall within the ambit of the First Schedule. This is a general term which comprises any animals kept or dealt in for use or profit.”Livestock thus includes animals held for breeding purposes (often referred to as fixed capital assets) and those held for resale (often referred to as floating capital assets). “Paragraph 2 of the First Schedule refers to all livestock. The above meaning was confirmed in relation to the First Schedule in R Koster & Son (Pty) Ltd and another v CIR 1985 (2) SA 831 (A), 47 SATC 23 at 32 in which Nicholas JA stated the following: “animals kept or dealt in for use or profit”.
The word is described in the New Shorter Oxford English Dictionary as –17 The word “livestock” is not defined in the First Schedule or the main body of the Act. You can save or share Cattle Photos to Facebook, Twitter, Google+, Line.Various paragraphs of the First Schedule apply to livestock.
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Despite the fact that the number of cows in the country has decreased by more than half we have per thousand people for 85 cows whereas in England the United States and other developed countries by 35-40 goals.Ĭool 3D Pics HD Wallpapers - Good Download Free Pictures - Cattle Wallpaper Backgrounds for Mobile Phones. In dairy cattle absolute priority should be given to increasing the productivity of the animals rather than an increase in their numbers. Calculations show that in order to fully meet the country's population in animal products is necessary by 2010 to produce 48 million tons of milk 11 million tons of meat. The number farms of all agricultural producers was 25 million head. It has worsened the economic condition of agricultural enterprises decreased the number of production of the cows the production of milk and beef.
In connection with the transition to a market economy the disparity in prices for livestock products and agricultural machinery energy fertilizer building materials and other industrial products. As a result long-term breeding work to improve the local cattle started in different regions of the country were created by the same type of highly productive animals and on this basis a few new breeds which were approved during the postwar years black mottled with three spawn Kostroma brown Caucasian Kazakh white. Beef production increase was more significant. The pace of growth in milk production were higher in 1950 less. The productivity of cows grew more intense and especially. Therefore the number has increased more rapidly. It was equal to 1370 kg Milk production in these years was 108 million tons respectively production of commodity beef slaughter weight of 8 million tons.
At the same time it increased productivity of cows. In the postwar period the number of cattle rather quickly recovered and began to grow.
At the beginning of the 2010s there are about 1.3-1.4 billion head of cattle. The main purpose of cattle is the production of meat and milk obtaining skins and sometimes wool as well as traction force. Beautiful Cattle Wallpaper Graphics HD Backgrounds Free!Ĭattle livestock livestock subfamily Bulls.