Stabilised Turf Systems
Determination PROV25 (Jun 2013) sets provisional depreciation rates for stabilised turf systems.
Note to Determination PROV25
The Commissioner has set provisional depreciation rates for stabilised turf systems by adding new asset classes to the "Leisure" industry category.
Stabilised turf systems comprise the playing surfaces of some sports stadiums. The turf systems are made up of the playing surface, infill, base, drainage, and watering system. The turf systems vary in that one involves synthetic grass and the other synthetic tufts and plastic mesh through which natural grass grows. Ground preparation work, other than trenches cut to facilitate the installation of drainage pipes, is not depreciable as it relates to the land.
As the determination shows, the stabilised turf system consists of a number of components that have different useful lives.
Provisional Depreciation Determination PROV25
This determination applies to taxpayers who own depreciable property of the kind listed in the table below.
This determination applies from the 2011/12 and subsequent income years.
Pursuant to section 91AAG of the Tax Administration Act 1994 the provisional determination will apply to the kind of items of depreciable property listed in the table below by:
- Adding into the "Leisure" industry category new asset classes, estimated useful lives, and provisional diminishing value and straight line depreciation rates as listed below:
|Synthetic Grass, infill and shock attenuation pads||10||20||13.5|
|Stabilised Turf System Matrix and infill||10||20||13.5|
|Base Sand, Gravel and Drainage (including drainage trenches but not including land contouring)||20||10||7.5|
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 5th day of June 2013.
LTS Manager, Technical Standards