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Depreciation - a guide for businesses IR260

(published October 2015)

About this guide

This guide (IR260) explains how depreciation works and the methods available for calculating depreciation, general depreciation rates, assets, adjustments and disposals. The rates to calculate depreciation for assets acquired on or after 1 April 2005 are in our General depreciation rates (IR265) guide.

PDF | 284kb | 38 pages

When to use this guide

If you run a business or organisation, you can use this guide to work out how to claim on your business assets for tax purposes. You're required to claim depreciation on an a business asset and then account for it when you dispose of that asset.

We recommend that you talk with a tax agent if you're thinking about claiming depreciation. However, it's still your responsibility to be aware of your tax obligations.

What you will need