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Provisional Depreciation Determination PROV13

This determination may be cited as "Determination PROV13: Tax Depreciation Rates Provisional Determination Number 13". This determination replaces "Determination Prov10: Tax Depreciation Rates Provisional Determination Number 10" issued on 11 September 2002.

  1. Application
    This determination applies to taxpayers who own the provisional asset classes listed below.

    This determination applies to "depreciable property" other than "excluded depreciable property" for the 2005/2006 and subsequent income years.
  2. Determination
    Pursuant to section 91AAG(4) of the Tax Administration Act 1994 I hereby amend Determination DEP1: Tax Depreciation Rates General Determination Number 1 (as previously amended) by:
      Estimated useful life (years) DV banded dep'n rate % SL equiv banded dep'n rate %
    Pipeline Crawler 5 33 24
    Inflatable Pipeline Plug 3 50 40
    1 2 3 4 5 6
    Provisional asset class Estimated useful life (years) DV banded dep'n rate before 1/4/05 (%) SL equiv banded dep'n rate before 1/4/05 (%) DV banaded dep'n rate from 1/4/05 9% SL equiv banded dep'n rate from 1/4/05 (%)
    Pipeline Crawler 5 33 24 40 30
    Inflatable Pipeline Plug 3 50 40 67 67
      Estimated useful life (years) DV banced dep'n rate % SL equiv banded dep'n rate %
    Pipeline Crawler 5 33 24
    Inflatable Pipeline Plug 3 50 40
    1 2 3 4 5 6
    Provisional asset class Estimated useful life (years) DV banded dep'n rate before 1/4/05 (%) SL equiv banded dep'n rate before 1/4/05 (%) DV banaded dep'n rate from 1/4/05 9% SL equiv banded dep'n rate from 1/4/05 (%)
    Pipeline Crawler 5 33 24 40 30
    Inflatable Pipeline Plug 3 50 40 67 67
    • Deleting from the "Dairy Plant", "Fishing", and "Oil and Gas" industry categories, the provisional asset classes, estimated useful lives, and diminishing value and straight-line depreciation rates listed below:
    • Inserting into the "Dairy Plant", "Fishing", and "Oil and Gas" industry categories, the provisional asset classes, estimated useful lives, and diminishing value and straight-line depreciation rates listed below. Columns 3 and 4 apply to items purchased prior to 1 April 2005. Columns 5 and 6 apply to items purchased on or after 1 April 2005:
    • Deleting from the "Compressed Air", "Factory and Other Sundries", "Reticulation Systems", and "Water and Effluent Treatment" asset categories, the provisional asset class, estimated useful lives, and diminishing value and straight-line depreciation rates listed below:
    • Inserting into the "Compressed Air", "Factory and Other Sundries", "Reticulation Systems", and "Water and Effluent Treatment" asset categories, the provisional asset class, estimated useful lives, and diminishing value and straight-line depreciation rates listed below. Columns 3 and 4 apply to items purchased prior to 1 April 2005. Columns 5 and 6 apply to items purchased on or after 1 April 2005:
  3. Interpretation
    In this determination, unless the context otherwise requires, expressions have the same meaning as in the Income Tax Act 1994 and the Tax Administration Act 1994.

    This determination is signed by me on the 28th day of June 006.

Susan Price
Senior Tax Counsel