Where can I find depreciation rates?
Question from Romi Patel updated on 22nd January 2008:
Hi
Is it possible to get a schedule of the allowable depreciation rates for various items in rental properties.
Romi
Our expert responded:
This link will take you to the IRD website where they have a tool called the Depreciation Rate Finder: http://www.ird.govt.nz/calculators/keyword/depreciation/calculator-depreciation-rate-finder.html.
The IRD have updated their booklet on depreciation and this is the best place to get the most up to date rates.
Kenina Court is a director of Acorn Solutions Limited, an accounting firm dedicated to working with clients to help them create wealth. She is an avid property investor, entrepreneur and seminar presenter on asset protection and wealth strategies.
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