Tax Depreciation Rates General Determination Number 67
General Determination 67 (May 2008) sets a general depreciation rate for baby gear for hire, excluding child restraints (capsules and car seats).
This determination applies to taxpayers who own items of depreciable property of the kinds listed in the table below that have been acquired on or after 1 April 2005.
This determination applies for the 2007/2008 and subsequent income years1.
Pursuant to section 91AAF of the Tax Administration Act 1994 I set in this determination the economic rates to apply to the kinds of items of depreciable property listed in the table below by:
- Creating a new asset category named "Hire equipment".
- Adding into the "Hire equipment" asset category, the general asset class, estimated useful life, and diminishing value and straight-line depreciation rates, listed in the table below.
General asset class Estimated useful life(years) DV rate (%) SL rate (%)
Baby gear for hire (excluding child restraints (capsules and car seats)).
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 by me on the 1st day of May2008.
Senior Tax Counsel
1 This determination applies both to the 2007/2008 income year, and the 2008/2009 and subsequent income years and is issued pursuant to section 91AAF of the Tax Administration Act 1994, having regard to the application of section ZA 2(2) of the Income Tax Act 2007.