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E-scooters and E-bicycles Depreciation Rates.

 

DEP106: Tax Depreciation Rates for owned and leased e-scooters and e-bicycles used in the ordinary course of business.

Background: Being notice that e-scooters and e-bicycles are increasingly used in business, business owners are now able to refer to tables below to calculate the depreciation for the 2020/21 and subsequent income years.

Determination: Pursuant to section 91AAF of the Tax Administration Act 1994, the general determination will apply to the kind of items of depreciable property listed in the table below by:

 

  •  Adding into the “Leisure” industry category and “Transportation” asset category:

Asset class

Estimated useful life (years)

DV rate (%)

SL rate (%)

E-scooter

4

50

40

E-bicycles

5

40

30

Safety equipment (other)

4

40

30

 

  • Adding to the “Hire equipment (short term hire of 1 month or less only)” asset category:

Asset class

Estimated useful life (years)

DV rate (%)

SL rate (%)

E-scooter  (let for hire)

3

67

67

E-bicycles  (let for hire)

4

50

40

Bicycles (let for hire)

4

50

40

Safety equipment (other)

3

67

67

 

Generated with MOOJ Proforms Version 1.5

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