The Taxation (Livestock Valuation, Asset Expenditure and Remedial Matters) Bill was introduced into Parliament on 13 September 2012. The Bill includesthefollowing:
| - | changes to the livestock valuation rules to make elections to use the herd scheme generally irreversible; | |
| - | changes to allow primary sector businesses to claim deductions for the cost of improvements that have been rendered useless, where these are outside the control of the… |