Section EE 35 — Income Tax Act 2007: Special rate or provisional rate

EE 35 Special rate or provisional rate Rate set for item of depreciable property (1) A special rate or a provisional rate is set for an item of depreciable property under sections 91AAG to 91AAJ of the Tax Administration Act 1994. No special rate for excluded depreciable property, special excluded depreciable property, or building (2) A special rate may not be set for an item of excluded depreciable property, an item of special excluded depreciable property, or a building. No provisional rate for fixed life intangible property or excluded depreciable property (3) A provisional rate may not be set for an item of fixed life intangible property or an item of excluded depreciable property. Exception (4) Section FA 11B(7) (Adjustments for certain operating leases) overrides this section. Defined in this Act: building , depreciable property , excluded depreciable property , fixed life intangible property , provisional rate , special excluded depreciable property , special rate , Compare: 2004 No 35 s EE 28 Section EE 35(2) heading: substituted (with effect on 20 May 2010), on 28 May 2010, by section 78(1) of the Taxation (Budget Measures) Act 2010 (2010 No 27). Section EE 35(2): substituted (with effect on 20 May 2010), on 28 May 2010, by section 78(1) of the Taxation (Budget Measures) Act 2010 (2010 No 27). Section EE 35(4) heading: inserted, on 1 April 2008, by section 356 of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109). Section EE 35(4): inserted, on 1 April 2008, by section 356 of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109). Section EE 35 list of defined terms building : inserted (with effect on 30 July 2009), on 28 May 2010, by section 84 of the Taxation (Budget Measures) Act 2010 (2010 No 27). Section EE 35 list of defined terms special excluded depreciable property : inserted (with effect on 20 May 2010), on 28 May 2010, by section 78(2) of the Taxation (Budget Measures) Act 2010 (2010 No 27).