Determinations: Depreciation determinations

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.

The Commissioner sets economic rates (commonly referred to as "general economic rates" because they apply to many taxpayers) in determinations pursuant to section 91AAF of the Tax Administration Act 1994. The Commissioner also sets provisional rates in determinations pursuant to section 91AAG of the Tax Administration Act 1994.

The Commissioner sets provisional rates for items of depreciable property where less information is available about that particular kind of item than is required to set reliably a general economic rate, such as where the item is new technology or new to New Zealand. After a period, the Commissioner reviews the provisional rate and often replaces it with a general economic rate.

Notifications of draft determinations for general economic rates are published for public consultation in the Tax Information Bulletin and on this website in Public consultation.

When determinations are finalised, they are published in the Tax Information Bulletin and on this website.

General economic rates and provisional rates are also listed in various publications, including the Inland Revenue's General Depreciation Rates (IR265) and the Depreciation Rate Finder.

"Determination DEP1: Tax Depreciation Rates General Determination Number 1" ("DEP1") was the first depreciation rate determination the Commissioner issued. DEP1 was issued on 5 April 1993 and published in the Appendices to Tax Information Bulletin Vol 4, No 9 (May 1993). DEP1 lists kinds of items with their corresponding general economic rates set by the Commissioner. Since DEP1 was issued, the Commissioner has set additional general economic rates and provisional rates for other kinds of items in subsequent determinations.

The Commissioner's Table of Depreciation Rates has been referred to as "DEP1", and determinations issued after DEP1 have referred to "amending DEP1" by adding further items and rates. However, more correctly in terms of the legislation, the Commissioner's Table of Depreciation Rates includes not only DEP1, but other subsequent determinations that set general economic rates or provisional rates. Therefore, depreciation rate determinations now state that the Commissioner is "setting rates" rather than "amending DEP1". Consequently the Commissioner's Table of Depreciation Rates is no longer referred to as "DEP1" and is now referred to as the "Commissioner's Table of Depreciation Rates". This change does not affect the application of any depreciation rates to items of depreciable property.

For more information on depreciation, see the Inland Revenue's Depreciation - a guide for businesses (IR260).

Other pages in: Depreciation determinations

• General Depreciation Determination DEP80: Residential Rental Property Chattels
• Determination DEP79: Remedial matters relating to the depreciation of buildings Depreciation Determination Number 79
• Determination DEP78: Tax Depreciation Rates General Determination Number 78
• 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
• Determination DEP76: Tax Depreciation Rates General Determination Number 76
• Determination DEP75: Tax Depreciation Rates General Determination Number 75
• Determination PROV20: Tax Depreciation Rates Provisional Determination Number PROV20
• Determination DEP 73: Tax Depreciation Rates General Determination Number 73
• Determination DEP74: Tax Depreciation Rates General Determination Number 74
• Determination PROV19: Tax Depreciation Rates Provisional Determination PROV19
• Determination DEP 72: Tax Depreciation Rates General Determination Number 72
• Determination DEP 71: Tax Depreciation Rates General Determination Number 71
• Expense items in the Table of Depreciation Rates
• General Depreciation Determination DEP70
• General Depreciation Determination DEP69
• General Depreciation Determination DEP68
• Determination DEP66: Tax Depreciation Rates General Determination Number 66
• Tax Depreciation Rates General Determination Number 67
• Determination Prov18: Tax depreciation rates provisional determination number 18
• Tax Depreciation Rates General Determination Number 65
• Tax Depreciation Rates General Determination Number 64
• Draft general depreciation determination - exposure draft DDG0112
• Tax Depreciation Rates General Determination Number 63
• Buildings and structures DEP62
• Child restraints (capsules and car seats) for hire DEP61
• Determination Prov17: Tax depreciation rates provisional determination number 17
• Tax Depreciation Rates General Depreciation Determination DEP60
• Provisional Depreciation Determination PROV16
• Provisional Depreciation Determination PROV15
• Provisional Depreciation Determination PROV14
• Provisional Depreciation Determination PROV13
• General depreciation determinations DEP55 to DEP59
• General Depreciation Determination DEP54

Date published: 11 Jul 2008

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