DVS to a Rental

**rockran** · 16-04-2012, 10:12 PM

Is there anything I can claim back from adding a DVS to a rental ?

**spaceman** · 16-04-2012, 11:33 PM

Of course.....why wouldn't there be????

Cheers
Spaceman

**rockran** · 17-04-2012, 12:01 AM

I'm wondering if the new tax rules means you cannot claim expense or depreciation.
So what are the rules concerning a DVS ?

**Eugene** · 17-04-2012, 11:21 AM

I read somewhere that if item is built in, it is considered part of the building and you can't claim depreciation, eg you can't claim depreciation as expense for a built in wall oven, but you can claim depreciation for a stand alone oven. No doubt I will find out soon once accountant finishes my tax return, since I got a chattels valuation for a property bought last year that had dvs built in throughout.

**buxlo122** · 17-04-2012, 08:22 PM

You can capitalise and depreciate it.

**rockran** · 17-04-2012, 10:02 PM

Ok.. thanks all.. I wonder if there is anything on the ird website when specifies whats in or out.

**spaceman** · 17-04-2012, 10:16 PM

^ Of course... IS 10/01 & IS 10/02 for starters

http://www.ird.govt.nz/resources/8/3...342/is1001.pdf

http://www.ird.govt.nz/resources/3/1...3b7/is1002.pdf

Cheers
Spaceman

**artemis** · 18-04-2012, 11:16 AM

According to this link, ventilation systems in roof cavity have a useful life of 10 years, Depreciation - DV 20%, SL 13.5%.

http://www.ird.govt.nz/technical-tax...ter-dep80.html

The list at this link is dated November 2011 and is v useful.