Free Chattels Depreciation Calculator for New Zealanders
Rental chattels (carpets, curtains, appliances, heat pumps) can be depreciated each year as a tax deduction. NZ allows two methods: straight-line and diminishing value. Building depreciation is no longer claimable on residential.
Your chattels
$25,000
$
Method
10.00%
%
Year 1 depreciation
$2,500
tax-deductible expense
Based on $25,000 chattels at 10.00% diminishing value.
MethodDiminishing value
Year 1 depreciation$2,500
Year 3 book value$18,225
Year 5 book value$14,762
About our Chattels Depreciation Calculator
Disclaimer: This calculator is for information only and does not constitute financial advice. Real-world figures may differ due to fees, rounding, rate changes, and policy specifics. Always confirm figures with the relevant provider before signing anything.