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Income Tax Act 2007

Timing and quantifying rules - Depreciation

EE 15: Amount of adjusted tax value

You could also call this:

“How to calculate an item's value at the end of the income year”

When you’re comparing amounts as required by [section EE 14(1) and (2)], you need to know about the adjusted tax value. This is the value of an item at the end of the income year. It’s important to note that this value is calculated before you take away any amount for depreciation loss for that income year.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1514534.

Topics:
Money and consumer rights > Taxes
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EE 14: Diminishing value or straight-line method: calculating amount of depreciation loss, or

“Calculating the loss in value for your assets”

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EE 16: Amount resulting from standard calculation, or

“How to calculate depreciation for business assets”

Part E Timing and quantifying rules
Depreciation

EE 15Amount of adjusted tax value

  1. For the purposes of the comparison of amounts required by section EE 14(1) and (2), the amount dealt with in this section is the item’s adjusted tax value at the end of the income year before the deduction of an amount of depreciation loss for the item for the income year.

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