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General Determination DEP95: Depreciation Rate for rail passenger service electric multiple units

Note to Determination DEP95

The Commissioner has set a general depreciation rate for a new asset class “Rail passenger service electric multiple units” (EMUs), under the “Transportation” asset category, within the Commissioner’s Table of Depreciation Rates.

An EMU consists of a self-propelled passenger carriage semi-permanently linked to a passenger trailer carriage (not motorised). There is no separate locomotive as the electric traction motors and drive wheels are incorporated into one or more of the carriages. EMUs are used to provide rail commuter passenger services and are usually formed from two or more semi-permanently coupled carriages, with a drive cab and motor at each end.

Determination DEP95: Tax Depreciation Rates General Determination Number 95

1. Application

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

This determination applies from the 2015 and subsequent income years.

2. Determination

Pursuant to section 91AAG of the Tax Administration Act 1994, the general determination will apply to the kind of items of depreciable property listed in the table below by:

  • adding into the “Transportation” asset category, a new asset class, estimated useful life, and diminishing value and straight line depreciation rates as listed below:
Asset class Estimated useful life
DV rate
SL rate
Rail passenger service electric multiple units 25 8 6

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 by Rob Wells on the 4th day of August 2015.

Rob Wells
LTS Manager, Technical Standards