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Income Tax Act 2007

Schedule 13: Depreciable land improvements

You could also call this:

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

Illustration for Income Tax Act 2007

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. All these things are considered depreciable land improvements under the Income Tax Act 2007.

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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.

Topics:
Money and consumer rights > Taxes
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"How to work out how much something is worth over time using old rates"

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"Things that lose value over time, like patents, copyrights, and special rights to use something"

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).