Budget 2025: One-off 20% write-down on new assets

Budget 2025: One-off 20% write-down on new assets
The depreciation initiative is more generous than expected, says CAANZ's John Cuthbertson. (Image: supplied)
Pattrick Smellie
The growth centrepiece of the Government’s “growth Budget” is an accelerated depreciation regime that will allow businesses to deduct 20% of the cost of new capital equipment in the year of purchase.Announced in the early stages of a weak economic upturn, the Investment Boost policy is scheduled to boost New Zealand's gross domestic product (GDP) by 1% over the next two decades, with 0.4% of that impact forecast to occur in the next four years.The scheme will operate as a one-off depreciation boost rather than a change to...

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