Non-profit organisations
Application for a provisional depreciation rate IR260A
(published November 2011)
About this form
Use this form to apply for a provisional depreciation rate. The rates to calculate depreciation for assets acquired since 1996 are available in our booklet General depreciation rates I(R265).
Adobe Acrobat PDF | 76kb | 2 pages
This form can be completed on-screen by typing content directly into the PDF document. Once you have completed the form it is important that you print it out as you will not be able to save the information you enter into the form.
When to use this form
You must claim depreciation on an asset and then account for it when you dispose of that asset. We recommend that you consult a tax agent when considering claiming for depreciation, but it is still your responsibility to be aware of your tax obligations. Use this form to apply for a provisional depreciation rate. You can do this if there is no applicable general rate for your asset, eg, an asset:
- which is new to the New Zealand economy (ie invented or imported), or
- class which has been missed from the classes for general updates.
What you will need
- applicant's full contact details and IRD number
- asset details
- general depreciation rate
- accounting depreciation rate
- reasons for application
- depreciation rate requested.
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After you finish
Please print sign and post the completed form to LTS Manager, Technical Standards, National Office, Inland Revenue, P O Box 2198, Wellington.
You may wish to keep a copy of this form for your personal records.