CAP. 112]
G N. 658/47.
G.N.A. 18/48.
Citation.
1.
Rules.
(Cap. 112.)
Inland Revenue.
INLAND REVENUE.
INLAND REVENUE RULES.
(Cap. 112, section 85). (Ordinance No. 20 of 1947).
[22nd August, 1947.]
These rules may be cited as the Inland Revenue Rules.
Rates of Depreciation.
2. (1) The following rates of depreciation are hereby prescribed for the purpose of ascertaining the "annual allowance" to be made under subsection (2) of section 37 of the Ordinance. In all cases depreciation will be calculated on the reducing value of the asset concerned.
(2) Except with the permission of the Commissioner, who shall in special cases allow such greater depreciation as he thinks fit, no depreciation shall be allowed in excess of that specified in the scale.
(3) For the purposes of sections 37, 38, and 39 of the Ordinance the expression "plant and machinery" shall be deemed to include the items mentioned below-
General rate for plant and machinery where no special rate is prescribed
Aircraft
Bar Syphon apparatus
Bicycles
Brewing Plant/Machinery
Boilers
Cables, electric
74%
30%
20%
20%
72%
71%
3%
Cinema and Photographic Processing Equipment
15%
Copper Stills-Distillery
10%
Concrete Pipe Moulds
20%
Diesel Engines
10%
Domestic Appliances—
Electric Cookers and Kettles
20%
Gas Cookers and Fires
15%
Electric Refrigerators, water-heaters, etc.
15%
Other gas and electric domestic appliances
10%
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