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The Commissioner has set a provisional depreciation rate for automated milking systems.
An automated milking system is a robotic milking machine that is used on dairy farms. It enables cows to be milked on demand, without human intervention. An automated milking system typically consists of the following components and functions:
This determination may be cited as "Determination PROV23: Tax Depreciation Rates Provisional Determination Number PROV23".
This determination applies to taxpayers who own items of depreciable property of the kind listed in the table below.
This determination applies for the 2011 and subsequent income years.
Pursuant to section 91AAG of the Tax Administration Act 1994 I set in this determination the provisional rate to apply to the kind of items of depreciable property listed in the table below by:
|Provisional asset class||
|Automated milking system||10||20||13.5|
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 27th day of February 2012.
LTS Manager, Technical Standards