The New Zealand government has rules about how to work out the value of things that lose value over time, like machines or buildings. You can find these rules in the Income Tax Act 2007, which is empowered by sections ss EE 27 and EE 28. The rules are about how much value these things lose each year.
There are different rates for different types of things, like other assets and buildings. The rates are shown in a table, which has columns for the diminishing value rate and the straight-line rate. You can use these rates to work out how much value your assets lose each year.
The table shows the rates as percentages, and you can use them to calculate the value of your assets over time. The rates are different for other assets and buildings, so you need to use the right column in the table to work out the value of your things.
This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.
This page was last updated on
View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1523342.
| 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 |
