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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.

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

This determination inserts a new asset class for “Abrasive blasting booths” to the “Cleaning, Refuse, and Recycling” and “Engineering (including Automotive)” industry categories, that apply from the 2017 and subsequent income years.

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

This determination inserts a new asset class for “Rapid DC car charging stations” to the “Transportation” asset category, that applies to the 2017 and subsequent income years.

General Determination DEP99: Campervans and Motorhomes

This determination corrects the applicable depreciation rate for “Campervans” and “Motorhomes” asset classes in the “”Hire equipment” and “Transportation” asset categories, that apply to the 2010/11 and subsequent income years.

General Determination DEP98: Kiwifruit overhead mesh shelters

This determination inserts a new asset class for “Kiwifruit overhead mesh shelters” to the “Buildings and Structures” asset category, that applies from the 2017 and subsequent income years.

Provisional Determination PROV27: Geothermal and thermal powerhouses

This determination inserts new asset classes into the "Power generation and electrical reticulation" and "Building and structures" asset categories, that applies from the 2012 and subsequent income years.

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

Depreciation Rate for specialised oil and gas industry equipment

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

This determination inserts a new asset class into the "Transportation" asset category for rail passenger service electric multiple units, that applies to the 2015 and subsequent income years.

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

This determination inserts a new asset class into the "Buildings and structures" asset category for carports (freestanding and lean-to), that applies to the 2015 and subsequent income years.

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

This determination inserts a new asset class into the "Contractors, builders and quarrying" industry category and the "Hire equipment" asset category, for portable fencing (galvanised steel), that applies to the 2015 and subsequent income years.

Provisional Determination PROV26: Depreciation Rate for hydroelectric powerhouses

This determination inserts a new asset class into the "Power generation and Electrical Reticulation" industry category for hydroelectric powerhouses, that applies to the 2012 and subsequent income years.

General Determination DEP92: Depreciation Rate for wool/shearing sheds

This determination inserts a specific asset class to clarify the treatment of wool/shearing sheds for depreciation purposes, with application to the 2015 and subsequent income years.

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

This determination inserts two new gas detector asset class to the "Factory and other sundries", "Refrigeration", "Scientific and laboratory equipment (excluding equipment used in a medical laboratory)" and "Water and effluent treatment (where not industry specified)" asset categories to provide more certainty for taxpayers when considering the depreciation treatment of gas detectors.

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

New asset class for ‘Audio and Video Recording Studios and Professional Photography’ asset category and the ‘Leisure’ industry category.

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

This determination inserts new asset classes to the "Hotels, motels, restaurant, cafes, taverns and takeaway bars" and "Shops" industry categories, that apply from the 2014 and subsequent income years.

Determination DEP88: Depreciation rate for pet grooming and cleaning equipment

This determination inserts a new asset category for "Pet grooming and cleaning equipment" and related asset classes, that apply from the 2014 and subsequent income years.

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

Determination DEP 87: Tablet computers and electronic media storage devices. This determination applies from the 2013/14 and subsequent income years.

Amendment to Provisional Depreciation Determination PROV 25: Stabilised Turf Systems

A correction has been made to the provisional depreciation determination for stabilised turf systems by replacing the straight-line rate of 7.5% where it appears with the straight-line rate of 7%

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

Determination DEP 83: Depreciation rates for machinery used for grading, sorting and packing produce. Signed date: 3 April 2013.

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)

This determination may be cited as "Determination DEP85: Buildings with reinforced concrete framing (default class), Buildings with steel or steel and timber framing (default class), Buildings with timber framing (default class)"

Provisional Depreciation Determination PROV 25: Stabilised Turf Systems

The Commissioner has set provisional depreciation rates for stabilised turf systems by adding new asset classes to the “Leisure” industry category.

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

This determination may be cited as “Determination DEP84: Printing machines (automated inkjet flatbed)

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

This determination applies to taxpayers who own depreciable property and applies from the 2012 and subsequent income years.

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

This determination sets a provisional depreciation rate for mushroom factory buildings and plant and applies for the 2012 and subsequent income years.

Determination PROV 23: Provisional depreciation rate for automated milking system

This determination sets a provisional depreciation rate for automated milking systems and applies for the 2011 and subsequent income years.

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

This determination sets a provisional depreciation rate for dairy plant dry store buildings and applies for the 2011 and subsequent income years.

Determination DEP 81: Fertiliser storage facilities and remedial matters relating to the depreciation of buildings and grandparented structures

This determination sets economic rates for fertiliser storage facilities, other buildings and grand-parented structures and applies from the 2011/12 income year.

General Depreciation Determination DEP 80: Residential Rental Property Chattels

This determination applies to residential rental property chattels and applies from 1 April 2011, to the 2012 and subsequent income years.

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

This determination may be cited as "Determination DEP79: Tax Depreciation Rates General Determination Number 79".

Determination DEP 78: Tax Depreciation Rates General Determination Number 78

This determination applies to plumbing display products and custom display stand.

Determination PROV21: Tax Depreciation Rates Provisional Determination PROV21

This determination may be cited as "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

This determination may be cited as "Determination DEP77: Tax Depreciation Rates General Determination Number 77".

Determination DEP76: Tax Depreciation Rates General Determination Number 76

This determination applies to the 2010/11 income year and subsequent income years and is issued pursuant to section 91AAF of the Tax Administration Act 1994.

Determination DEP75: Tax Depreciation Rates General Determination Number 75

This determination applies to marine fender systems that consist of a series of steel box frames with plastic or rubber fenders behind.

Determination PROV20: Tax Depreciation Rates Provisional Determination Number PROV20

This determination applies to equestrian arenas consisting of permanent construction materials.

Determination DEP 73: Tax Depreciation Rates General Determination Number 73

This determination adds the asset class "Furniture (loose) with a general DV rate of 20%; into the "Hire Equipment (short-term hire of 1 month or less only)" asset category.

Determination DEP74: Tax Depreciation Rates General Determination Number 74

This determination applies to taxpayers who own items of depreciable property of the kind listed in the table below that have been acquired during the 2009/2010 and subsequent income years.

Determination PROV19: Tax Depreciation Rates Provisional Determination PROV19

This determination applies to taxpayers who own items of depreciable property of the kind listed in the table below.

Determination DEP 72: Tax Depreciation Rates General Determination Number 72

This determination applies to taxpayers who own items of depreciable property of the kind/s listed in the table below that have been acquired during the 2010 or subsequent income years.

Determination DEP 71: Tax Depreciation Rates General Determination Number 71

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.

Expense items in the Table of Depreciation Rates

This item explains that the Commissioner is to remove from the Table of Depreciation Rates items listed as 'expense'.

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 Commissioner.

General Depreciation Determination DEP70

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.

General Depreciation Determination DEP69

This determination creates new depreciation rates for various types of flight simulators in the "Transportation" asset category and the "Leisure" industry category

General Depreciation Determination DEP68

This determination changes the general asset class "Satellites" to "Satellites (geosynchronous orbit)" in the "Telecommunications" industry category and changes the estimated useful life and diminishing value and straight-line depreciation rates for that asset class.

Determination DEP66: Tax Depreciation Rates General Determination Number 66

This determination applies to taxpayers who own items of depreciable property of the kinds listed in the tables below that have been acquired on or after 1 April 2005.

Tax Depreciation Rates General Determination Number 67

This determination creates a new asset category, "Hire Equipment", and adds to that asset category the general asset class "Baby gear for hire (excluding child restraints (capsules and car seats))".

Determination Prov18: Tax depreciation rates provisional determination number 18

This determination is in respect of the provisional depreciation rates for "Set-top boxes with hard drive and personal video recorders (PVR's) with hard drive". The determination applies for the 2005/2006 and subsequent income years.

Tax Depreciation Rates General Determination Number 65

This determination sets general depreciation rates for "speed humps" and involves additions to the "Building Fit-out" and "Transportation" asset categories.

Tax Depreciation Rates General Determination Number 64

This determination sets general depreciation rates for "LED Screens" and involves additions to the "Leisure" and "Shop" industry categories and the "Building Fit-out" asset category.

Draft general depreciation determination - exposure draft DDG0112

As a result of comments received on DDG0112, the Commissioner is now aware that the two CCH products are no longer available in the form described in DDG0112 and Prov4. Consequently the Commissioner does not intend to proceed with finalising DDG0112.

Tax Depreciation Rates General Determination Number 63

This determination may be cited as "Determination DEP63: Tax Depreciation Rates General Determination Number 63".

Buildings and structures DEP62

"Determination DEP62: Tax Depreciation Rates General Determination Number 62" amends Determination DEP1: Tax Depreciation Rates General Determination Number 1 in respect of the "Buildings and Structures" asset category.

Child restraints (capsules and car seats) for hire DEP61

The determination inserts a new asset class "Child restraints (capsules and car seats) for hire" into the "Transportation" asset category. It is based on an estimated useful life (EUL) for the assets of 5 years.

Determination Prov17: Tax depreciation rates provisional determination number 17

This determination may be cited as "Determination PROV17: Tax Depreciation Rates Provisional Determination Number 17".

Tax Depreciation Rates General Depreciation Determination DEP60

This determination may be cited as "Determination DEP60: Tax Depreciation Rates General Determination Number 60".

Provisional Depreciation Determination PROV16

This determination may be cited as "Determination PROV16: Tax Depreciation Rates Provisional Determination Number 16"

Provisional Depreciation Determination PROV15

This determination may be cited as "Determination Prov15: Tax Depreciation Rates Provisional Determination Number 15". The determination replaces "Determination Prov8: Tax Depreciation Rates Provisional Determination Number 8" issued on 11 October 2001.

Provisional Depreciation Determination PROV14

This determination may be cited as "Determination Prov14: Tax Depreciation Rates Provisional Determination Number 14". The determination replaces "Determination Prov12: Tax Depreciation Rates Provisional Determination Number 12" issued on 1 December 2004.

Provisional Depreciation Determination PROV13

Determination PROV13: This determination applies to taxpayers who own certain provisional asset classes.

General depreciation determinations DEP55 to DEP59

General depreciation determinations for psychological testing sets, metal speed humps, wintering pads (rubber), Kiwiplus - Kiwifruit Software Package and peurulus (baby crayfish) traps.

General Depreciation Determination DEP54

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