This topic is a bit of a grey area. Many people recommend paying for a professional chattels valuation. This isn't the only option though. You can do it yourself. Hopefully this info will help anyone looking to do their own valuation.
Residential rental property chattels list from ird website. See page 24 of pdf for the list.
Asset class / Estimated useful life (years) / Diminishing value banded depreciation rate (%) / Straight-line equivalent banded depreciation rate (%)
Chattels (not elsewhere specified) 5 33 24
Appliances (small) 4 40 30
Bedding 3 50 40
Blinds 8 22 15.5
Carpets (modular nylon tile construction) 15.5 12 8
Carpets (other than modular nylon tile construction) 5 33 24
Compact disc players 5 33 24
Compact discs 1 100 100
Crockery 3 50 40
Curtains 8 22 15.5
Cutlery 3 50 40
Digital versatile disc (DVD) players 5 33 24
Digital versatile disc (DVDs) 2 63.5 63.5
Dishwashers 6.66 26 18
Drapes 8 22 15.5
Dryers (clothes, domestic type) 6.66 26 18
Freezers (domestic type) 8 22 15.5
Furniture (fitted) 15.5 12 8
Furniture (loose) 10 18 12.5
Glassware 3 50 40
Heaters (electric) 3 50 40
Heaters (gas, fitted) 8 22 15.5
Heaters (gas, portable) 5 33 24
Integrated silk flower arrangements 2 63.5 63.5
Lawn mowers 4 40 30
Light fittings 10 18 12.5
Linen 3 50 40
Microwave Ovens (domestic type) 6.66 26 18
Ovens (domestic type) 8 22 15.5
Paintings and drawings, in either case being property
the value of which might reasonably be expected in
normal circumstances to decline in value
20 9.5 6.5
Prints (including limited edition prints) 10 18 12.5
Refrigerators (domestic type) 8 22 15.5
Stereos 5 33 24
Stoves (domestic type) 8 22 15.5
Televisions 5 33 24
Utensils (including pots and pans) 3 50 40
Vacuum cleaners (domestic type) 3 50 40
Video game discs 1 100 100
Here is another useful thread on the topic - You’re missing out if you haven’t had a chattels valuation done!
Items that propertytalk members have suggested are depreciable:
Driveways
Fences
Retaining walls
Wooden decks
Residential rental property chattels list from ird website. See page 24 of pdf for the list.
Asset class / Estimated useful life (years) / Diminishing value banded depreciation rate (%) / Straight-line equivalent banded depreciation rate (%)
Chattels (not elsewhere specified) 5 33 24
Appliances (small) 4 40 30
Bedding 3 50 40
Blinds 8 22 15.5
Carpets (modular nylon tile construction) 15.5 12 8
Carpets (other than modular nylon tile construction) 5 33 24
Compact disc players 5 33 24
Compact discs 1 100 100
Crockery 3 50 40
Curtains 8 22 15.5
Cutlery 3 50 40
Digital versatile disc (DVD) players 5 33 24
Digital versatile disc (DVDs) 2 63.5 63.5
Dishwashers 6.66 26 18
Drapes 8 22 15.5
Dryers (clothes, domestic type) 6.66 26 18
Freezers (domestic type) 8 22 15.5
Furniture (fitted) 15.5 12 8
Furniture (loose) 10 18 12.5
Glassware 3 50 40
Heaters (electric) 3 50 40
Heaters (gas, fitted) 8 22 15.5
Heaters (gas, portable) 5 33 24
Integrated silk flower arrangements 2 63.5 63.5
Lawn mowers 4 40 30
Light fittings 10 18 12.5
Linen 3 50 40
Microwave Ovens (domestic type) 6.66 26 18
Ovens (domestic type) 8 22 15.5
Paintings and drawings, in either case being property
the value of which might reasonably be expected in
normal circumstances to decline in value
20 9.5 6.5
Prints (including limited edition prints) 10 18 12.5
Refrigerators (domestic type) 8 22 15.5
Stereos 5 33 24
Stoves (domestic type) 8 22 15.5
Televisions 5 33 24
Utensils (including pots and pans) 3 50 40
Vacuum cleaners (domestic type) 3 50 40
Video game discs 1 100 100
Here is another useful thread on the topic - You’re missing out if you haven’t had a chattels valuation done!
Items that propertytalk members have suggested are depreciable:
Driveways
Fences
Retaining walls
Wooden decks
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