Determinations: Depreciation determinations
Determination PROV21: Tax Depreciation Rates Provisional Determination PROV21
Fleet tracking unit – Depreciation
The Commissioner has set a provisional depreciation rate for a fleet tracking unit.
Fleet tracking units are hardwired into a vehicle and enable the vehicle's home base to monitor the vehicle's position via mobile phone network, or an internet server. The sophistication of a fleet tracking unit can range from a simple tracking unit that shows the location of a fleet vehicle on a map, to more elaborate custom applications that can provide a dashboard-style view of all fleet vehicles on a map plus information about the condition and use of each vehicle, for example, when the vehicle exceeds the speed limit, when a fault occurs in the vehicle, or when scheduled maintenance is due. Fleet tracking units can also include the ability for fleet managers to send and receive text messages to and from the vehicle.
This provisional depreciation rate determination does not apply to plug-n-play GPS map display units used by drivers for navigation purposes.
Determination PROV21: Tax Depreciation Rates Provisional Determination Number PROV21
This determination may be cited as "Determination PROV21: Tax Depreciation Rates Provisional Determination Number PROV21".
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Application
This determination applies to taxpayers who own items of depreciable property of the kind listed in the table below.
This determination applies for the 2011 and subsequent income years.
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Determination
Pursuant to section 91AAG of the Tax Administration Act 1994 I set in this determination the provisional rate to apply to the kind of items of depreciable property listed in the table below by:
- Adding into the "Transportation" asset category, the provisional asset class, estimated useful life, and diminishing value and straight-line depreciation rate listed below:
Provisional asset class Estimated useful life
(years)DV rate
(%)SL rate
(%)Fleet tracking unit 63021
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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 on the 16th day of June 2011.
Rob Wells
LTS Manager, Technical Standards
Other pages in: Depreciation determinations
- Determination PROV 23: Provisional depreciation rate for automated milking system
- Determination PROV 22: Provisional depreciation rate for Dairy Plant Dry Store Buildings
- Determination DEP 81: Fertiliser storage facilities and remedial matters relating to the depreciation of buildings and grandparented structures
- 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 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
- 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: 20 Jun 2011
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