DEPRECIATION
ASSESSMENT OF BUILDINGS
WELLINGTON, September 13
A change in the method of allowing depreciation on buildings in income assessment is the the subject of a statement by the Acting'Minister of Finance (the Hon. E. A. Ransom). This session's amending Act changed the binds from capital value to unimproved value, and provided for an allowance for the depreciation ol buildings, which had not been made in recent years. The Commissioner of Taxes is empowered to fix the rates of depreciation, the calculation in each case being made on the cost of the building,. The Commissioner has decided to adopt the following scale of depreciation. allowance: —Wooden frame buildings, three per cent; brick stoneor concrete wailed, two per cent; reinforced stone or concrete throughout, 1£ per cent. .
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/HOG19300916.2.66
Bibliographic details
Ngā taipitopito pukapuka
Hokitika Guardian, 16 September 1930, Page 6
Word count
Tapeke kupu
126DEPRECIATION Hokitika Guardian, 16 September 1930, Page 6
Using this item
Te whakamahi i tēnei tūemi
The Greymouth Evening Star Co Ltd is the copyright owner for the Hokitika Guardian. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Greymouth Evening Star Co Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in