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 that shows two types of depreciation rates: diminishing value and straight-line equivalent. The table has two columns: one for diminishing value depreciation rate and one for straight-line equivalent. The rates are shown as percentages. You can see the different rates, such as 2% and 1.5%, or 100% and 100%. This schedule is empowered by sections like ss DB 46, EC 34, EC 35, EE 30, and EZ 23.

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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.

This page was last updated on 5 April 2026 — View changes

Topics:

Money and consumer rights > Taxes

Schedule 11: New banded rates of depreciation, or

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

Schedule 13: Depreciable land improvements, or

"Things that can wear out on land, like roads and bridges, that are listed in the Income Tax Act 2007"

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