Kiwifruit overhead mesh shelters

Note to Determination DEP98: The Commissioner has issued depreciation rate determination for kiwifruit overhead mesh shelters.

This asset consists of a self-supporting frame and wires that support an overhead mesh shelter that protects the fruit from weather events (wind, hail, UV ) and bird and pests.

1. Application
   This determination applies to taxpayers who own items of depreciable property of the kind listed in the tables below:
   
   This determination applies for the 2017 and subsequent income years.
2. Determination
   Pursuant to section 91AAF of the Tax Administration Act 1994 I set in this determination the rate to apply to the kind of items of depreciable property listed in the table below by
   • Adding into the "Buildings and Structures" asset category, the new asset class, estimated useful life, and general diminishing value and straight-line depreciation rates listed below

   Asset class	Estimated useful life (years)	DV rate %	SL rate %
   Kiwifruit overhead mesh shelters	12.5	16	10.5

3. Interpretation
   In this determination, unless the context otherwise requires, words and terms have the same meaning as in the Income Tax Act 2007 and the Tax Administration Act 1994.
   
   This determination is signed by me on the 11th day of May 2017.

Vanessa Montgomery
Acting Manager, LTS Technical Standards