About this Guide

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. This guide sets out the general and provisional depreciation rates, both diminishing value (DV) and straight line (SL), that apply for assets acquired on or after 1 April 1993.

When to use this guide

Learn here what the general and provisional depreciation rates are that apply for assets acquired on or after 1 April 1993. For depreciation rates prior to 1 April 1993 refer to our Historic depreciation rates (IR 267) guide.

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