Income Tax Act 2007

Schedule 12: Old banded rates of depreciation

You could also call this:

"How things lose value over time for tax purposes"

Illustration for Income Tax Act 2007

You are looking at a schedule called 'Old banded rates of depreciation'. This is part of the Income Tax Act 2007. It has a table with two columns: one for diminishing value depreciation rate and one for straight-line equivalent. The table shows different rates, like 2% and 1.5%, or 4% and 3%. These rates are used for depreciation, which is when something loses value over time. You can find more information about this in sections like ss DB 46, EC 34, EC 35, EE 30, and EZ 23. The rates in the table help you work out how much value something loses each year. This is important for taxes, as it affects how much tax you pay. The rates are different for different things, and the table helps you find the right rate.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1523344.

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Schedule 11: New banded rates of depreciation, or

"How to work out the value of things that lose value over time"


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Schedule 13: Depreciable land improvements, or

"Things that can lose value over time, like roads and swimming pools"

12Old banded rates of depreciation Empowered by ss DB 46, EC 34, EC 35, EE 30, EZ 23

This is a small table having 2 columns. The first row is the headings for the columns.
Column 1
Diminishing value depreciation rate
(%)
Column 2
Straight-line equivalent
(%)
2 1.5
4 3
6 4
7.5 5.5
9.5 6.5
12 8
15 10
18 12.5
22 15.5
26 18
33 24
40 30
50 40
63.5 63.5
100 100