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When to use this guide
You're required to claim depreciation on an asset and then account for it when you dispose of that asset.
Use this guide to find out the general and provisional depreciation rates for assets acquired on or after 1 April 2005. Both diminishing value (DV) and straight line (SL) rates are included.
This document has been updated with changes from the Taxation (Budget Measures) Act 2010.
For depreciation rates before1 April 2005 use our Historic depreciation rates guide (IR267).