Determinations: Depreciation determinations
General Depreciation Determination DEP68
This determination may be cited as "Determination DEP68: Tax Depreciation Rates General Determination Number 68".
1. Application
This determination applies to taxpayers who own items of depreciable property of the kinds listed in the table below that have been acquired on or after 1 April 2008.
This determination applies for the 2008/09 and subsequent income years.
2. Determination
Pursuant to section 91AAF of the Tax Administration Act 1994 I set in this determination the economic rates to apply to the kinds of items of depreciable property listed in the table below by:
- Inserting into the "Telecommunications" industry category the general asset classes, estimated useful lives, and diminishing value and straight-line depreciation rates listed below:
Telecommunications
Estimated useful life (years)
DV banded dep'n rate (%)
SL equiv banded dep'n rate (%)
Satellites (geosynchronous orbit)
15
13
8.5
3. Consequential change
As a consequence of this determination, an existing general asset class is no longer required and so it is necessary to:
- Delete from the "Telecommunications" industry category the general asset class, estimated useful life and diminishing value and straight-line depreciation rates listed below:
Telecommunications
Estimated useful life (years)
DV banded dep'n rate (%)
SL equiv banded dep'n rate (%)
Satellites
5
33
24
4. Interpretation
In this determination, unless the context otherwise requires, expressions have the same meaning as in the Income Tax Act 2007 and the Tax Administration Act 1994.
This determination is signed by me on the 9th day of May 2008.
Susan Price
Senior Tax Counsel
Public Rulings
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
- The Commissioner's Table of Depreciation Rates
- General Depreciation Determination DEP70
- General Depreciation Determination DEP69
- 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: 13 May 2008
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