Livestock tax bill enacted

Legislation introduced in the Taxation (Livestock Valuation, Assets Expenditure, and Remedial Matters) Bill in September 2012 received Royal assent on Wednesday 17 July.  The resulting Act is available here.

Special reports on the main reforms in the new legislation will be published here soon, as early information for interested parties. Full coverage of the contents of the new legislation will appear in the September edition of the Tax Information Bulletin.