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 |
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