Boost to listed property sector likely if building depreciation regime is reinstated

Thu, 20 Sep 2018

By Margreet Dietz Sept. 21 (BusinessDesk) - The potential implications from Tax Working Group’s interim report, released yesterday, are positively balanced for the listed property sector, Forsyth Barr analysts Hayden Strickett and Jeremy Simpson suggest. The interim report proposed broadening the existing narrow range of capital gains taxes to capture profits on the sale of a far wider range of assets than the current regime, but proposes reinstating depreciation on commercial and industrial buildings, following its removal in 2011. “W...

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