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Use this form to apply for a special depreciation rate. The rates to calculate depreciation for assets acquired since 1996 are available in our booklet General depreciation rates (IR265).
PDF | 158kb | 3 pages
This form can be completed on-screen by typing content directly into the PDF document. Once you have completed the form it is important that you print it out as you will not be able to save the information you enter into the form.
You must claim depreciation on an asset and then account for it when you dispose of that asset. We recommend that you consult a tax agent when considering claiming for depreciation, but it is still your responsibility to be aware of your tax obligations. Use this form to apply for a special depreciation rate. You can apply for one if you consider that a general rate is:
because, for example, your business uses an asset in a more demanding manner than is usual
Please print sign and post the completed form to LTS Manager, Technical Standards, National Office, Inland Revenue, PO Box 2198, Wellington, along with an initial application fee (cheque) for $150 (plus GST).
You may wish to keep a copy of this form for your personal records.