The Income Tax Act (ITA) 2007 includes various schedules to define tax rates and rules for different contexts. Here's an overview of some key schedules:
- Schedule 1: Basic Tax Rates (Personal, Company, Trustees, RWT, etc.)
- Schedule 2: Basic Tax Rates for PAYE Income Payments (Tax Codes)
- Schedule 3: Provisional Tax and Terminal Tax
- Schedule 4: Standard Rates of Tax for Schedular Payments
- Schedule 13: Depreciable Land Improvements
What Are Depreciable Land Improvements?
Schedule 13 of the ITA 2007 lists various depreciable land improvements. These include:
- Chimneys
- Fences
- Hardstanding: Ground surfaced with a hard material for parking vehicles.
- Retaining Walls
- Roads (Driveways)
Links
- Schedule 1 - Basic Tax Rates (ITA 2007)
- Schedule 2 - PAYE Income Payments (ITA 2007)
- Schedule 3 - Provisional and Terminal Tax (ITA 2007)
- Schedule 4 - Schedular Payments (ITA 2007)
- Schedule 13 - Depreciable Land Improvements (ITA 2007)
- What is a Road? (NZTA)
- Driving Basics - What is a Road? (Drive.govt.nz)