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Technical tax area Ngā tūmomo whakataunga me ngā aratohu

Determination DEP 71: Tax Depreciation Rates General Determination Number 71

This determination may be cited as "Determination DEP 71: Tax Depreciation Rates General Determination Number 71".

  1. Application
  • 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.
  • This determination applies for the 2008 and subsequent income years.
  1. Determination
  • Pursuant to section 91AAF of the Tax Administration Act 1994 I set in this determination the economic rates to apply to the kind/s of items of depreciable property listed in the table below by:

    • Adding into the "Timber & Joinery Industries" industry category the general asset class for Firewood Processors and Log Splitters, estimated useful life 10 years, and diminishing value and straight-line depreciation rate of 20% and 13.5% respectively as listed below:

    • General asset class Estimated useful life (years) DV rate (%) SL rate (%)
      Firewood Processor
      (manually operated)
      10 20 13.5
      Firewood Processor
      (computerised)
      10 20 13.5
      Log Splitter
      (manually operated)
      10 20 13.5
      Log Splitter
      (computerised)
      10 20 13.5
  1. Interpretation
  • In this determination, unless the context otherwise requires, words and terms have the same meaning as in the Income Tax Act 2007 and the Tax Administration Act 1994.

This determination is signed by me on the 24th day of June 2009.


Rob Wells
LTS Manager, Technical Standards