Does the new Investment Boost tax break affect you?
From 22 May 2025, businesses can take advantage of the new Investment Boost tax deduction. This allows you to claim 20% of the cost of eligible new assets upfront and depreciate the remaining 80% as usual. See Inland Revenue’s website for more details and examples. Not sure how this applies to your business? Get in […]
Budget 2025: Attracting investment
For Kiwi businesses, Investment Boost is a new tax incentive to encourage investment in assets to increase productivity. The incentive applies only to new assets and new-to-New Zealand assets, i.e.• New assets sourced in New Zealand.• New and second-hand assets sourced from overseas.Second-hand assets from overseas are eligible because these increase the capital stock, whereas […]
Budget 2025: What about my business?
For retail businesses, it remains to be seen whether the changes will bolster consumer confidence to a point where the retail sector can rebound the way it’s been hoping to. Investment Boost and associated measures will bring some welcome tax relief and encourage spending on business assets to boost productivity. With tax incentives, a key […]
