• IRD and depreciation

    What do IRD have to say



    For the Investor

    IR264 - Rental income

    An overview of the tax treatment of rental properties.

    "Assets such as the stove and carpets, that are part of the property or used in your rental activity, will eventually reduce in value through wear and tear or by becoming out of date. This reduction in value of your assets is known as depreciation. Each year you calculate the depreciation amount and deduct it as an expense"

    Download the full document here



    For the Property Professional

    IR260 - Depreciation for businesses

    An overview of depreciation and all of the available deprecation rates.

    "This publication explains how to claim depreciation on your business assets. You're required to claim depreciation when you aquire an asset for your business and account for it when you dispose of that asset."

    Download the full document here


    Find a depreciation rate

    Use the IRD website to find a depreciation rate, simply click here

    "Use this calculator to find the depreciation rate either diminishing value (DV) or straight line (SL) for all depreciable assets"


    Checkout recent changes and updates

    This is a link to recent announcements from IRD on depreciation, including rate determinations.


    Interpretation Statement 10/01

    Click here to download a copy of the interpretation statement "Residential Rental Properties - Depreciation of Items of Depreciable Property"

    This document took over 10 years to complete and changed the way we complete depreciation schedules for Residential Property. The positive is that it finally gave us all clarity on what we could claim.