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Application for a higher maximum pooling value (IR719)

(published November 2012)

About this form

Use this form to apply for a higher maximum pooling value when calculating the depreciation of your assets using the pooling value.

PDF | 83kb | 4 pages

When to use this form

If you depreciate your assets using the pooling method there is a statutory pooling value of $2,000 for each asset. However, you can apply for a maximum pooling value higher than this.

We take the following factors into consideration when deciding whether to approve your application:

  • whether the assets you wish to include under a higher maximum pooling value are relatively similar in nature
  • whether your compliance costs will be reduced by pooling the assets, and
  • how often you acquire and dispose of that class of asset.

Fees

The following fees are payable for this application:

  • an initial fee of $150 (plus GST) (payable with the application), and
  • a processing fee of $75 (plus GST) per hour (or part-hour), for work done by us.

All fees are GST-inclusive.

What you will need
  • applicant's full contact details and IRD number
  • contact person's details
  • date you want the higher maximum pooling value(s) to start applying
  • inital application fee of $150 (plus GST) needs to go with this application
After you finish

Please print sign and post the completed form to, LTS Technical Standards, National Office, Inland Revenue,  PO Box 2198, Wellington 6140, 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.

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