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Depreciation determinations

Taxpayers must depreciate all depreciable property, other than "excluded depreciable property", by applying the "basic economic depreciation rates" (or general depreciation rates). These rates are set out in Determination DEP1, which was issued in 1993. Since DEP1 was issued, we have issued further general determinations amending DEP1 and setting new asset classes and general depreciation rates.

Determination DEP86: Tax Depreciation Rates General Determination Number 86

General Determination DEP86: Depreciation Rate for frost fans (mobile) used to protect crops from frost conditions and hot temperatures.

General Determination DEP103: Depreciation Rate for skin therapy machines used for beauty treatments

This determination inserts a new asset class for skin therapy machines into the "Medical and Medical Laboratory" and "Shops" industry categories, that applies for the 2017-18 and subsequent income years.

General Determination DEP102: Depreciation Rate for potato cool stores (climate controlled) structure only, excluding climate control plant

Depreciation determination DEP102 (2017) adds an asset class for 'potato cool stores (climate controlled) structure only, excluding climate control plant'.

General Determination DEP101: Tax Depreciation Rate for abrasive blasting booths (including media recovery/recycling, dust extraction and ventilation systems)

Determination DEP101 (2017) sets a depreciation rate for abrasive blasting booths (including media recovery/recycling, dust extraction and ventilation systems).

General Determination DEP100: Depreciation rate for rapid DC car charging stations

Determination DEP100 (2017) sets a general depreciation rate for a new asset class 'Rapid DC car charging stations' in the Transportation category.

General Determination DEP99: Campervans and Motorhomes

General Determination DEP99 corrects the depreciation rate for Campervans and Motorhomes for the 2010/11 and subsequent income years.

General Determination DEP98: Kiwifruit overhead mesh shelters

General determination DEP98 (2017) inserts an asset class for 'Kiwifruit overhead mesh shelters' into the depreciation tables.

Provisional Determination PROV27: Geothermal and thermal powerhouses

Provisional Determination PROV27 (2012) sets a provisional depreciation rate for geothermal and thermal powerhouses including buildings, turbines, and cranes.

General Determination DEP96: Depreciation Rate for specialised oil and gas industry equipment

Determination DEP96 (2015) sets a depreciation rate for specialised oil and gas industry equipment used to evaluate and repair existing wellbores.

General Determination DEP95: Depreciation Rate for rail passenger service electric multiple units

Determination DEP95 (2015) sets depreciation rate for a new asset class 'Rail passenger service electric multiple units' under the Transportation asset category.

General Determination DEP94: Depreciation Rate for carports (freestanding or lean-to)

General Determination DEP94 (Aug 2015) sets a general depreciation rate for a new asset class, 'Carports (freestanding or lean-to)'.

General Determination DEP93: Depreciation Rate for portable fencing (galvanised steel)

General Determination DEP93 (Jul 2015) sets general depreciation rates for 'Portable fencing (galvanised steel)'.

Provisional Determination PROV26: Depreciation Rate for hydroelectric powerhouses

Provisional Determination PROV26 (Mar 2015) sets a provisional depreciation rate for hydroelectric powerhouses.

General Determination DEP92: Depreciation Rate for wool/shearing sheds

General Determination DEP92 (Mar 2015) sets a general depreciation rate for wool/shearing sheds.

General Determination DEP91: Depreciation Rate for gas detectors (hand-held) and gas detectors (fixed)

Determination DEP91 (2015) sets general depreciation rates for gas detectors that are battery operated hand-held types or wired/fixed to plant and machinery.

General Determination DEP90: Depreciation Rate for drones and integrated accessories including remote controllers and software, used for photography, surveillance and video/movie production

Determination DEP90 (2015) sets a depreciation rate for drones and accessories used for photography, surveillance and video/movie production.

Determination DEP 89: Bench-top Pizza Ovens and Microwave Ovens (Commercial)

Determination DEP89 (Aug 2014) sets a general depreciation rates for bench-top pizza ovens and microwave ovens.

Determination DEP88: Depreciation rate for pet grooming and cleaning equipment

Determination DEP88 (2014) sets a depreciation rate for pet grooming and cleaning equipment.

Determination DEP87: Depreciation rate for tablet computers and electronic media storage devices (including smartphones and MP3 players and similar devices)

DEP87 (2014) sets a depreciation rate for tablet computers and electronic media storage devices (including smartphones and MP3 players and similar devices).

Amendment to Provisional Depreciation Determination PROV 25: Stabilised Turf Systems

Determination PROV 25 (Stabilised Turf Systems) has been amended and the straight-line rate replaced, back-dating to the application date of the 2011/12 tax years.

Determination DEP 83: Depreciation Rates for machinery used for grading, sorting and packing produce

Determination DEP 83 (Apr 2013) sets a depreciation rate for machinery used for grading, sorting and packing food and agricultural products.

Determination DEP 85: Buildings with reinforced concrete framing (default class), Buildings with steel or steel and timber framing (default class), Buildings with timber framing (default class)

Determination DEP 85 (Jul 2013) sets general economic depreciation rates for buildings with reinforced concrete, steel/steel and timber, and timber framing.

Provisional Depreciation Determination PROV 25: Stabilised Turf Systems

Determination PROV 25 (Jun 2013) sets provisional depreciation rates for stabilised turf systems.

Determination DEP 84: Depreciation Rate for printing machines (automated inkjet flatbed)

Determination DEP 84 (May 2013) sets a general depreciation rate for printing machines using integrated technologies (automated inkjet flatbed).

Determination DEP 82: General depreciation rate for meal feeder - automated

Determination DEP 82 (2012) sets a depreciation rate for automated meal feeders used by primary producers to deliver supplementary dry and liquid feed to stock.

Determination PROV 24: Provisional depreciation rate for mushroom factory buildings and plant

Determination PROV 24 (Oct 2012) sets a provisional depreciation rate for specialised buildings and plant used to grow mushrooms on a commercial basis.

Determination PROV 23: Provisional depreciation rate for automated milking system

Determination PROV 23 (2012) sets a provisional depreciation rate for automated milking systems, or milking machines.

Determination PROV 22: Provisional depreciation rate for Dairy Plant Dry Store Buildings

Determination PROV 22 (2012) sets a 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

Determination DEP 81 (2012) concerns fertiliser storage facilities and remedial matters relating to the depreciation of buildings and grandparented structures.

General Depreciation Determination DEP 80: Residential Rental Property Chattels

Determination DEP 80 (2011) provides a new list of assets for the 'Residential Rental Property Chattels' industry category.

Determination DEP 79: Remedial matters relating to the depreciation of buildings Depreciation Determination Number 79

Determination DEP 79 (2011) amends the depreciation rate applicable to all of the generic building assets that have an estimated useful life of 50 years, to 0%.

Determination DEP 78: Tax Depreciation Rates General Determination Number 78

Determination DEP 78 (2011) applies to plumbing display products and custom display stands.

Determination PROV21: Tax Depreciation Rates Provisional Determination PROV21

Determination PROV21 (2011) sets a provisional depreciation rate for a fleet tracking unit which enables the home base to monitor a vehicle's position.

Determination DEP77: Motor vehicles rented for short-term periods of 1 month or less Depreciation Determination Number 77

Determination DEP77 (Mar 2011) amends the provisional depreciation rate for motor vehicles rented for short-term periods of 1 month or less.

Determination DEP76: Tax Depreciation Rates General Determination Number 76

Determination DEP76 (Dec 2010) introduces Motorhomes as a new asset class description.

Determination DEP75: Tax Depreciation Rates General Determination Number 75

Determination DEP75 (2010) sets a depreciation rate for Marine Fender Systems, which are attached to wharves for protection of the wharf and vessels.

Determination PROV20: Tax Depreciation Rates Provisional Determination Number PROV20

Determination PROV20 (2010) sets a provisional depreciation rate for equestrian arenas consisting of permanent construction materials.

Determination DEP 73: Tax Depreciation Rates General Determination Number 73

Determination DEP 73 (2010) sets a depreciation rate for furniture in the 'Hire Equipment (short-term hire of 1 month or less only)' category.

Determination DEP74: Tax Depreciation Rates General Determination Number 74

Determination DEP74 sets a general economic depreciation rate for automated dairy drafting systems including gates, hardware and software and installation costs.

Determination PROV19: Tax Depreciation Rates Provisional Determination PROV19

Determination PROV19 (2010) sets a depreciation rate for computer controlled tablet dispensing systems in the 'Medical' and 'Pharmaceuticals' categories.

Determination DEP 72: Tax Depreciation Rates General Determination Number 72

Determination DEP 72 (2010) sets a depreciation rate for test chambers in the 'Electrical and Electronic Engineering' and other industry categories.

Determination DEP 71: Tax Depreciation Rates General Determination Number 71

Determination DEP 71 (2009) sets a depreciation rate for firewood processors and log splitters (manual and computerised).

Expense items in the Table of Depreciation Rates

Determination lists 'expense items' being removed from the Table of Depreciation Rates and the depreciation determinations in which they appear.

The Commissioner's Table of Depreciation Rates

The Commissioner's Table of Depreciation Rates lists the general economic depreciation rates and provisional depreciation rates set by the CIR.

General Depreciation Determination DEP70

Determination DEP70 (2008) sets a depreciation rate for plant supports (hanging retractable wire) in the 'Agriculture, Horticulture, and Aquaculture' category.

General Depreciation Determination DEP69

Determination DEP69 (May 2008) sets a general depreciation rate for flight simulators.

General Depreciation Determination DEP68

Determination DEP68 (2008) sets a depreciation rate and amends the 'Telecommunications' industry category relating to satellites.

Determination DEP66: Tax Depreciation Rates General Determination Number 66

Determination DEP66 (2008) sets a general depreciation rate for set-top boxes without hard drives and personal video recorders without hard drives.

Tax Depreciation Rates General Determination Number 67

General Determination 67 (May 2008) sets a general depreciation rate for baby gear for hire, excluding child restraints (capsules and car seats).

Determination Prov18: Tax depreciation rates provisional determination number 18

Determination Prov18 (Jan 2008) sets provisional depreciation rates for 'set-top boxes with hard drive and personal video recorders (PVRs) with hard drive'.

Tax Depreciation Rates General Determination Number 65

General Determination 65 (Dec 2007) sets a general depreciation rate for speed humps (plastic) and Speed humps (rubber), and renames speed humps (metal).

Tax Depreciation Rates General Determination Number 64

General determination 64 (2007) sets the depreciation rate for LED screens in the Leisure, Shop and Building Fit-out industries.

Draft general depreciation determination - exposure draft DDG0112

Draft general depreciation determination DDG0112 (2006) relating to two CCH products will not be finalised and related Prov4 has no on-going application.

Tax Depreciation Rates General Determination Number 63

Determination 63 (2007) sets a depreciation rate for software to be used in the preparation or filing of income tax returns relating to one particular year only.

Buildings and structures DEP62

Determination DEP62 (2007) amends the 'Building and structures' rate following legislation changing the methods for calculating depreciation rates.

Child restraints (capsules and car seats) for hire DEP61

Determination DEP61 (2007) sets a depreciation rate for child restraints (capsules and car seats) for hire/rental.

Determination Prov17: Tax depreciation rates provisional determination number 17

Determination Prov17 (Feb 2007) amends the 'Hire Equipment (short-term hire of 1 month or less only)' asset category.

Tax Depreciation Rates General Depreciation Determination DEP60

Determination DEP60 (Nov 2006) sets a general depreciation rate for builders' planks (wooden).

Provisional Depreciation Determination PROV16

Determination PROV16 (2006) sets a depreciation rate for marble rock instruments used for massage in the 'Leisure' and 'Medical and Medical Laboratory' categories.

Provisional Depreciation Determination PROV15

Determination PROV15 (2006) amends the depreciation rate for trough covers in the 'Agriculture, Horticulture and Aquaculture' industry category.

Provisional Depreciation Determination PROV14

Determination PROV14 (2006) amends the depreciation rate in several industry categories for integrated silk flower arrangements.

Provisional Depreciation Determination PROV13

Determination PROV13 (2006) amends the depreciation rate for 'Pipeline Crawlers' and 'Inflatable Pipeline Plugs' in various industry categories.

General depreciation determinations DEP55 to DEP59

General depreciation determinations for psychological testing sets, metal speed humps, wintering pads, kiwifruit software and baby crayfish traps.

General Depreciation Determination DEP54

Determination DEP54 (Apr 2006) inserts diminishing value and straight-line depreciation rates into the depreciation tables for certain property.