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Technical tax area Ngā tūmomo whakataunga me ngā aratohu

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

This determination may be cited as "Determination DEP87: Tablet computers and electronic media storage devices (including smartphones and MP3 players and similar devices)".


1. Application

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

This determination applies from the 2013/14 and subsequent income years.

2. Determination

Pursuant to section 91AAF of the Tax Administration Act 1994 I set in this determination the economic rate to apply to the kind of items of depreciable property listed in the table below by:

  • Adding into the "Computers" asset category, the new asset class, estimated useful life, and general diminishing value and straight-line depreciation rates listed below:
Asset class Estimated useful life (years) DV rate (%) SL rate (%)
Tablet computers and electronic media storage devices (including smartphones, MP3 players and similar devices)
3
67
67
  • Adding into the "Leisure" industry category, the new asset class, estimated useful life, and general diminishing value and straight-line depreciation rates listed below:
Asset class Estimated useful life (years) DV rate (%) SL rate (%)
MP3 and similar devices, such as iPods and the like
3
67
67
  • Deleting from the "Office Equipment and Furniture" asset category, the asset class, estimated useful life, and general diminishing value and straight-line depreciation rates listed below:
Asset class Estimated useful life (years) DV rate (%) SL rate (%)
Telephone (mobile)
3
67
67
  • Adding into the "Office Equipment and Furniture" asset category, the new asset class, estimated useful life, and general diminishing value and straight-line depreciation rates listed below:
Asset class Estimated useful life (years) DV rate (%) SL rate (%)
Mobile telephones, including smartphones
3
67
67

3. 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 on the 28th day of April 2014.

 

Sharyn Rea
LTS Manager, Technical Standards