Determinations: Depreciation determinations

Determination DEP 71: Tax Depreciation Rates General Determination Number 71

This determination may be cited as "Determination DEP 71: Tax Depreciation Rates General Determination Number 71".

1. Application

• 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.
• This determination applies for the 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/s of items of depreciable property listed in the table below by:
  
  
  • Adding into the "Timber & Joinery Industries" industry category the general asset class for Firewood Processors and Log Splitters, estimated useful life 10 years, and diminishing value and straight-line depreciation rate of 20% and 13.5% respectively as listed below:
  • 
    

    General asset class	Estimated useful life (years)	DV rate (%)	SL rate (%)
    Firewood Processor (manually operated)	10	20	13.5
    Firewood Processor (computerised)	10	20	13.5
    Log Splitter (manually operated)	10	20	13.5
    Log Splitter (computerised)	10	20	13.5

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 24th day of June 2009.

Rob Wells
LTS Manager, Technical Standards

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
• Expense items in the Table of Depreciation Rates
• The Commissioner's 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: 08 Jul 2009

Back to top