Depreciation rate for Fence?

**richard56** · 03-04-2018, 07:23 PM

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

**richard56** · 03-04-2018, 07:27 PM

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

**Beano** · 03-04-2018, 09:05 PM

Originally Posted by richard56

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

Asset	Asset category	Diminishing value	Diminishing value + 20% for qualifying assets acquired on or before 20 May 2010	Straight line	Straight line + 20% for qualifying assets acquired on or before 20 May 2010
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

**Don't believe the Hype** · 03-04-2018, 09:21 PM

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?

**Anthonyacat** · 03-04-2018, 09:25 PM

Originally Posted by Don't believe the Hype

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.

**Don't believe the Hype** · 03-04-2018, 09:27 PM

Brilliant - thanks Anthony. I will be following your lead.

**richard56** · 03-04-2018, 10:08 PM

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

**murraythompson** · 05-04-2018, 04:51 PM

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