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Depreciation rate for Fence?

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  • Depreciation rate for Fence?

    Hi
    Cannot find the Depreciation rate for Fences on the IRD site.
    Anyone now what the DV % might be?
    Thanks
    Richard

  • #2
    Hi
    Also would the cost of removing a Tree to enable the fence to be replaced also be lumped in with
    the cost of the fence?
    Thanks
    Richard

    Comment


    • #3
      Originally posted by richard56 View Post
      Hi
      Cannot find the Depreciation rate for Fences on the IRD site.
      Anyone now what the DV % might be?
      Thanks
      Richard
      10 % Dv
      https://interact2.ird.govt.nz/forms/...712133DAC3A0E8

      2006 and future rates

      Depreciation rate finder results for asset search



      Fences BDFO 10 12 7 8.4
      Fences BUIL 10 12 7 8.4


      Key to asset categories


      BDFO Building fit-out (when in books separately from building cost)
      BUIL Buildings and structures



      Hyperlink to ' How to find the right rate'


      Once you've found the rate that applies, you can work out the depreciation with our Depreciation calculator.






      Download a PDF version of these results. (opens in a new window)
      Perform another search.





      For more info on government services go to newzealand.govt.nz
      © Copyright 2007 Inland Revenue

      Last edited by Beano; 03-04-2018, 10:07 PM.

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      • #4
        Isn't there a specific asset depreciation schedule for residential rentals? I don't recall seeing fences on there. Can someone confirm the fencing depreciation in the links beano shared can be applied to residential rental properties?

        Comment


        • #5
          Originally posted by Don't believe the Hype View Post
          Isn't there a specific asset depreciation schedule for residential rentals? I don't recall seeing fences on there. Can someone confirm the fencing depreciation in the links beano shared can be applied to residential rental properties?
          I've always depreciated rental property fencing at the IRD rates. Don't see how it's any different to commercial property fencing, or any other fence for that matter.
          AAT Accounting Services - Property Specialist - [email protected]
          Fixed price fees and quick knowledgeable service for property investors & traders!

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          • #6
            Brilliant - thanks Anthony. I will be following your lead.

            Comment


            • #7
              Thank Beano.
              I did actually see that one but like "Don't believe..." it wasn't under Residential Rentals so didn't think it was the correct one.
              Now I know better.
              Thanks
              Richard

              Comment


              • #8
                Hi Richard

                The cost of the tree removal - If you paid for this on a different day and it was less than $500, then this would be allowed as Repairs & Maintenance - maintenance done on the grounds upkeep (and trimming trees is a landlord responsibility).

                For the fence replacement - you are correct. The whole fence is substantially being replaced and rebuilt, so it is an asset that needs to be depreciated.

                Cheers

                Murray
                Rental Coach
                rentalcoach.co.nz

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