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Income Tax Act 2007

Schedule 13: Depreciable land improvements

You could also call this:

“Things that make land more useful and can be claimed on tax, like roads and bridges”

The Income Tax Act 2007 has a list of things called depreciable land improvements. You can find this list in schedule 13, which is empowered by s EE 7. This list includes things like airport runways, bores and wells, bridges, and chimneys.

These land improvements also include culverts, dams, fences, and hardstanding. You will also find reservoirs, retaining walls, roads, and spillways on this list. Other things like swimming pools, tanks, tunnels, and wharves are included too.

The list also mentions pipes, and purpose-built surfaces for outdoor sports facilities. This schedule is part of the Income Tax Act 2007, which you can read more about by following the link to s EE 7.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1523346.

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"Old rates to work out how much something is worth over time"

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"Things that lose value over time, like copyrights or patents, that you have the right to use"

13Depreciable land improvements Empowered by s EE 7

  • airport runways
    1. bores and wells
      1. bridges
        1. chimneys
          1. culverts
            1. dams
              1. fences
                1. hardstanding
                  1. reservoirs
                    1. retaining walls
                      1. roads
                        1. spillways
                          1. swimming pools
                            1. tanks
                              1. tunnels
                                1. wharves
                                  1. pipes
                                    1. purpose-built surfaces for outdoor sports facilities
                                        1. Notes
                                        • Schedule 13: amended (with effect on 1 April 2008), on , by section 581(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
                                        • Schedule 13: amended (with effect on 1 April 2008), on , by section 581(2) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).