1. This is a notice made under section 91AAK of the Tax Administration Act 1994 of a depreciation determination issued by the Commissioner of Inland Revenue under section 91AAF of that Act.
2. “Determination DEP69: Tax Depreciation Rates General Determination Number 69” adds the general asset classes “Flight Simulators (FTD and FNPT Certifiable) Aircraft Specific (full motion)”, “Flight Simulators (FTD and FNPT Certifiable) Aircraft Specific (non-motion)”, “Flight Simulators (FTD and FNPT Certifiable) Upgradeable/Multi Aircraft (non-motion)” and
“Flight Simulators (Non-Certifiable) (non-motion)” to the “Transportation” asset category, and adds the
general asset classes “Flight Simulators (FTD and
FNPT Certifiable) Aircraft Specific (non-motion)”, “Flight Simulators (FTD and FNPT Certifiable) Upgradeable/Multi Aircraft (non-motion)” and
“Flight Simulators (Non-Certifiable) (non-motion)” to the “Leisure” industry category. It was signed on
30 May 2008, and will appear in Inland Revenue’s
Tax Information Bulletin, Vol. 20, No. 6, of July 2008.
3. A copy of the determination may be obtained by writing to the Team Manager, Technical Services (Office of the Chief Tax Counsel), National Office, Inland Revenue, PO Box 2198, Wellington.
GARY DICK, Team Manager, Technical Services (Office of the Chief Tax Counsel).