In Taxation Determination TD 2024/8, the ATO has updated the amounts that it will accept as estimates of the value of goods taken from trading stock for private use by taxpayers for certain industries in the 2024/25 year. The updated amounts are set out in the following table:
| Type of Business | Amount (excluding GST) for adult/child over 16 years | Amount (excluding GST) for child 4 to 16 years old |
| Bakery | $1,580 | $790 |
| Butcher | $1,040 | $520 |
| Restaurant/cafe (licensed) | $5,310 | $2,150 |
| Restaurant/cafe (unlicensed) | $4,300 | $2,150 |
| Caterer | $4,530 | $2,265 |
| Delicatessen | $4,300 | $2,150 |
| Fruiterer/greengrocer | $1,080 | $540 |
| Takeaway food shop | $4,480 | $2,240 |
| Mixed Business (includes milk bar, general store and convenience store) | $5,420 | $2,710 |
The ATO recognises that greater or lesser values may be appropriate in particular cases. Taxpayers may be able to justify a lower value for goods taken from stock than that shown in the schedule. In that case, the lower amount should be used. Where the value of goods ex-stock would be significantly greater, the actual amount should be used.
Source: www.ato.gov.au
Updated June 2025
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