Determinations: Depreciation determinations

General Depreciation Determination DEP54

This determination may be cited as "Determination DEP54: Tax Depreciation Rates General Determination Number 54".

1. Application
   This determination applies to taxpayers who own depreciable property of the kind referred to in paragraph 2 below and applies for income years corresponding to the 2005–06 and subsequent tax years.
2. Determination
   Pursuant to section 91AAF of the Tax Administration Act 1994, I hereby amend Determination DEP1: Tax Depreciation Rates General Determination Number 1 (as previously amended), hereinafter referred to as "DEP1", by inserting the diminishing value and straight-line economic depreciation rates as follows:
   • In respect of the kinds of items of depreciable property for which the economic rate of depreciation is set under section EE 25B of the Income Tax Act 2004, and being a kind of item of depreciable property that is a general asset class as specified in DEP1 having an estimated useful life, applicable diminishing value banded depreciation rate and straight-line equivalent banded depreciation rate listed in columns 1, 2 and 3 respectively below, by inserting the respective diminishing value and straight-line depreciation rates listed in columns 4 and 5 below:

• In respect of the kinds of items of depreciable property for which the economic rate of depreciation is set under section EE 25C of the Income Tax Act 2004, and being a kind of item of depreciable property that is a general asset class as specified in DEP1 having an estimated useful life, applicable diminishing value banded depreciation rate and straight-line equivalent banded depreciation rate listed in columns 1, 2 and 3 respectively below, by inserting the respective diminishing value and straight-line depreciation rates listed in columns 4 and 5 below

3. Interpretation
   In this determination, unless the context otherwise requires, expressions have the same meaning as in the Income Tax Act 2004.

This determination is signed by me on the 27th day of April 2006.

Susan Price
Senior Tax Counsel

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
• 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

Date published: 29 Jun 2006

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