This schedule lists items that are considered special excluded depreciable property under the Income Tax Act 2007. The list includes various structures and buildings that are commonly used in farming, agriculture, and food processing industries.
Some of the items on the list are carports that are rented to homeowners, portable huts, and storage facilities like cool-stores and freezing chambers. It also includes farm-related structures such as slaughterhouses on farms, fowl houses, and different types of greenhouses like plastic hothouses, PVC tunnel houses, and glasshouses.
The list further mentions buildings used in dairy farming such as milking sheds, roofed livestock yards, and wintering barns. It also includes buildings affected by acid, temporary buildings, and structures used in specific industries like milk powder buildings and fish processing buildings. Lastly, it mentions tannery buildings that are affected by acid.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS960776.
Schedule 38: Acts exempting income from tax: income included in family scheme income, or
“Laws that don't tax some income but still count it for family support calculations”
Schedule 39: Items for purposes of definition of special excluded depreciable property, or
“List of special business items that had different value loss rules (no longer applies)”
Carports (hired out to householders)
Portable huts
Cool-stores and freezing chambers
Slaughterhouses on farms
Fowl houses
Plastic hothouses and PVC tunnel houses
Glasshouses
Buildings affected by acid
Milking sheds
Roofed livestock yards
Wintering barns and simple loafing barns
Milk powder buildings
Temporary buildings
Fish processing buildings
Tannery buildings affected by acid
