About this Form

You are required to claim depreciation on an asset and then account for it when you dispose of that asset. We recommend that you consult a tax agent when considering claiming for depreciation, however, it is still your responsibility to be aware of your tax obligations. Use this form to apply for a provisional depreciation rate. You can apply for a provisional depreciation rate if there is no applicable general rate for your asset: for example, an asset which is new to the New Zealand economy (i.e. invented or imported), or an asset class which has been missed from the classes for general updates.

This form can be completed on-screen by typing content directly into the PDF document. Once you have completed the form it is important that you print it out as you will not be able to save the information you enter into the form.

When to use this form

Use this form to apply for a provisional depreciation rate. The rates to calculate depreciation for assets acquired since 1996 are available in our General depreciation rates IR265.

What you will need

• applicant’s full contact details and IRD number
• asset details
• general depreciation rate
• accounting depreciation rate
• reasons for application
• depreciation rate requested

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