Tax Depreciation Rates General Determination Number 78

1. Application

This determination applies to taxpayers who own depreciable property of the kind listed in the table below.

This determination applies from the 2010/11 and subsequent income years.

2. Determination

Pursuant to section 91AAF of the Tax Administration Act 1994 the general determination will apply to the kind of items of depreciable property listed in the table below by:

• Adding into the "Manufacturers (not elsewhere specified)" and the "Shops" industry categories a new asset class, estimated useful life, and general diminishing value and straight line depreciation rates as listed below:
  
  

  Asset class	Estimated useful life (years)	DV rate (%)	SL rate (%)
  Plumbing display products and custom display stand	5	40	30

3. Interpretation

In this determination, unless the context otherwise requires, words and terms have the same meaning as in the Income Tax Act 2007 and the Tax Administration Act 1994.

This determination is signed on the 9th day of September 2011.