Determinations: Depreciation determinations
General Depreciation Determination DEP70
Determination DEP70: Tax Depreciation Rates General Determination Number 70
Note to determination DEP70:
This determination applies both to the 2007/2008 income year, and the 2008/2009 and subsequent income years and is issued pursuant to section 91AAF of the Tax Administration Act 1994, having regard to the application of section ZA 2(2) of the Income Tax Act 2007.
1. Application
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.
This determination applies for the 2007/2008 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 kind of items of depreciable property listed in the table below by:
- Adding into the "Agriculture, Horticulture, and Aquaculture" industry category the general asset class, estimated useful life, and diminishing value and straight-line depreciation rates listed in the table below.
General asset class Estimated useful life (years) DV rate (%) SL rate (%) Plant supports (hanging retractable wire)
5
40
30
3. Interpretation
In this determination, unless the context otherwise requires, words and terms 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 6th day of June 2008.
Susan Price
Director
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 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: 09 Jun 2008
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