New Zealand law explained for everyone
This table shows different rates for calculating how much things lose value over time. It’s called depreciation. The table has two main parts: one for most things (like machines or computers) and another just for buildings.
For most things, you can choose between two ways to calculate depreciation. The first way is called “D.V. rate” and the second is called “Straight-line rate”. The rates range from 2% to 100% for most things. This means some things lose value very slowly, while others lose all their value in just one year.
Buildings have their own special rates, which are much lower. This is because buildings usually last longer and don’t lose value as quickly as other things. The highest rate for buildings is 13.5% for the D.V. rate and 8% for the straight-line rate.
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Next up: Schedule 12: Old banded rates of depreciation
or “Old rates for calculating how much value assets lose over time”
| Other assets (excluding fixed life intangible property, excluded depreciable property, and buildings) | Buildings | ||
|---|---|---|---|
| Column 1 | Column 2 | Column 3 | Column 4 |
|
D.V. rate (%) |
Straight-line rate (%) |
D.V. rate (%) |
Straight-line rate (%) |
| 100 | 100 | 0 | 0 |
| 67 | 67 | 0 | 0 |
| 50 | 40 | 0 | 0 |
| 40 | 30 | 0 | 0 |
| 30 | 21 | 0 | 0 |
| 25 | 17.5 | 0 | 0 |
| 20 | 13.5 | 0 | 0 |
| 16 | 10.5 | 13.5 | 8 |
| 13 | 8.5 | 11 | 6.5 |
| 10 | 7 | 8.5 | 5 |
| 8 | 6 | 6.5 | 4 |
| 6 | 4 | 4.5 | 3 |
| 4 | 3 | 3 | 2 |
| 2 | 1.5 | 1.3 | 1 |