Production Livestock & the Herd Basis - Tax & Accounting Essentials

Introduction

The tax treatment of production livestock can have a significant impact on the reported results and long-term tax position of a farming business.

The herd basis is one of the more distinctive tax elections available to farmers, yet its operation and implications are not always well understood. In this short webinar, Kirsty Swinburn of BHP provides a practical introduction to the herd basis, explaining its purpose, potential benefits and the key considerations for farmers and their advisers.

What You Will Learn

This webinar will cover the following:

• What the herd basis is and how it applies to production livestock
• The accounting and tax implications of adopting the herd basis
• Who can elect into the herd basis and when the election may not be available
• The key advantages, disadvantages and practical considerations when deciding whether to make the election
• Common issues and scenarios encountered in practice

This pre-recorded webinar will be available to view from Thursday 3rd December 2026

Alternatively, you can gain access to this webinar and 2,400+ others via the MBL Webinar Subscription. Please email webinarsubscription@mblseminars.com for more details.