Depreciation determinations
Taxpayers must depreciate all depreciable property, other than "excluded depreciable property", by applying the "basic economic depreciation rates" (or general depreciation rates). These rates are set out in Determination DEP1, which was issued in 1993. Since DEP1 was issued, we have issued further general determinations amending DEP1 and setting new asset classes and general depreciation rates.
General Depreciation Determination DEP80: Residential Rental Property Chattels
This determination applies to residential rental property chattels and applies from 1 April 2011, to the 2012 and subsequent income years.
Determination DEP79: Remedial matters relating to the depreciation of buildings Depreciation Determination Number 79
This determination may be cited as "Determination DEP79: Tax Depreciation Rates General Determination Number 79".
Determination DEP78: Tax Depreciation Rates General Determination Number 78
This determination applies to plumbing display products and custom display stand.
Determination PROV21: Tax Depreciation Rates Provisional Determination PROV21
This determination may be cited as "Determination PROV21: Tax Depreciation Rates Provisional Determination PROV21".
Determination DEP77: Motor vehicles rented for short-term periods of 1 month or less Depreciation Determination Number 77
This determination may be cited as "Determination DEP77: Tax Depreciation Rates General Determination Number 77".
Determination DEP76: Tax Depreciation Rates General Determination Number 76
This determination applies to the 2010/11 income year and subsequent income years and is issued pursuant to section 91AAF of the Tax Administration Act 1994.
Determination DEP75: Tax Depreciation Rates General Determination Number 75
This determination applies to marine fender systems that consist of a series of steel box frames with plastic or rubber fenders behind.
Determination PROV20: Tax Depreciation Rates Provisional Determination Number PROV20
This determination applies to equestrian arenas consisting of permanent construction materials.
Determination DEP 73: Tax Depreciation Rates General Determination Number 73
This determination adds the asset class "Furniture (loose) with a general DV rate of 20%; into the "Hire Equipment (short-term hire of 1 month or less only)" asset category.
Determination DEP74: Tax Depreciation Rates General Determination Number 74
This determination applies to taxpayers who own items of depreciable property of the kind listed in the table below that have been acquired during the 2009/2010 and subsequent income years.
Determination PROV19: Tax Depreciation Rates Provisional Determination PROV19
This determination applies to taxpayers who own items of depreciable property of the kind listed in the table below.
Determination DEP 72: Tax Depreciation Rates General Determination Number 72
This determination applies to taxpayers who own items of depreciable property of the kind/s listed in the table below that have been acquired during the 2010 or subsequent income years.
Determination DEP 71: Tax Depreciation Rates General Determination Number 71
This determination applies to taxpayers who own items of depreciable property of the kind/s listed in the table below that have been acquired on or after 1 April 2008.
Expense items in the Table of Depreciation Rates
This item explains that the Commissioner is to remove from the Table of Depreciation Rates items listed as "expense". These items are generally not depreciable property and should not be included in the Table.
The Commissioner's Table of Depreciation Rates
The Commissioner's Table of Depreciation Rates lists the general economic depreciation rates and provisional depreciation rates set by the Commissioner.
General Depreciation Determination DEP70
This determination applies to taxpayers who own items of depreciable property of the kind listed in the table below that have been acquired on or after 1 April 2005.
General Depreciation Determination DEP69
This determination creates new depreciation rates for various types of flight simulators in the "Transportation" asset category and the "Leisure" industry category
General Depreciation Determination DEP68
This determination changes the general asset class "Satellites" to "Satellites (geosynchronous orbit)" in the "Telecommunications" industry category and changes the estimated useful life and diminishing value and straight-line depreciation rates for that asset class.
Determination DEP66: Tax Depreciation Rates General Determination Number 66
This determination applies to taxpayers who own items of depreciable property of the kinds listed in the tables below that have been acquired on or after 1 April 2005.
Tax Depreciation Rates General Determination Number 67
This determination creates a new asset category, "Hire Equipment", and adds to that asset category the general asset class "Baby gear for hire (excluding child restraints (capsules and car seats))".
Determination Prov18: Tax depreciation rates provisional determination number 18
This determination is in respect of the provisional depreciation rates for "Set-top boxes with hard drive and personal video recorders (PVR's) with hard drive". The determination applies for the 2005/2006 and subsequent income years.
Tax Depreciation Rates General Determination Number 65
This determination sets general depreciation rates for "speed humps" and involves additions to the "Building Fit-out" and "Transportation" asset categories.
Tax Depreciation Rates General Determination Number 64
This determination sets general depreciation rates for "LED Screens" and involves additions to the "Leisure" and "Shop" industry categories and the "Building Fit-out" asset category.
Draft general depreciation determination - exposure draft DDG0112
As a result of comments received on DDG0112, the Commissioner is now aware that the two CCH products are no longer available in the form described in DDG0112 and Prov4. Consequently the Commissioner does not intend to proceed with finalising DDG0112.
Tax Depreciation Rates General Determination Number 63
This determination may be cited as "Determination DEP63: Tax Depreciation Rates General Determination Number 63".
Buildings and structures DEP62
"Determination DEP62: Tax Depreciation Rates General Determination Number 62" amends Determination DEP1: Tax Depreciation Rates General Determination Number 1 in respect of the "Buildings and Structures" asset category.
Child restraints (capsules and car seats) for hire DEP61
The determination inserts a new asset class "Child restraints (capsules and car seats) for hire" into the "Transportation" asset category. It is based on an estimated useful life (EUL) for the assets of 5 years.
Determination Prov17: Tax depreciation rates provisional determination number 17
This determination may be cited as "Determination PROV17: Tax Depreciation Rates Provisional Determination Number 17".
Tax Depreciation Rates General Depreciation Determination DEP60
This determination may be cited as "Determination DEP60: Tax Depreciation Rates General Determination Number 60".
Provisional Depreciation Determination PROV16
This determination may be cited as "Determination PROV16: Tax Depreciation Rates Provisional Determination Number 16"
Provisional Depreciation Determination PROV15
This determination may be cited as "Determination Prov15: Tax Depreciation Rates Provisional Determination Number 15". The determination replaces "Determination Prov8: Tax Depreciation Rates Provisional Determination Number 8" issued on 11 October 2001.
Provisional Depreciation Determination PROV14
This determination may be cited as "Determination Prov14: Tax Depreciation Rates Provisional Determination Number 14". The determination replaces "Determination Prov12: Tax Depreciation Rates Provisional Determination Number 12" issued on 1 December 2004.
Provisional Depreciation Determination PROV13
This determination may be cited as "Determination PROV13: Tax Depreciation Rates Provisional Determination Number 13". This determination replaces "Determination Prov10: Tax Depreciation Rates Provisional Determination Number 10" issued on 11 September 2002.
General depreciation determinations DEP55 to DEP59
General depreciation determinations for psychological testing sets, metal speed humps, wintering pads (rubber), Kiwiplus - Kiwifruit Software Package and peurulus (baby crayfish) traps.
General Depreciation Determination DEP54
This determination may be cited as "Determination DEP54: Tax Depreciation Rates General Determination Number 54".
Date published: 05 Oct 2004
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