Tax programme to consider seismic strengthening inducements

Thu, 08 Aug 2019

By Paul McBeth Aug. 8 (BusinessDesk) - Inland Revenue's latest tax policy programme will consider ways to encourage seismic strengthening for both commercial and residential property in the short-term. The proposal is detailed in the programme for the 2019/20 fiscal year released by Revenue Minister Stuart Nash today. The government put a high priority on the Tax Working Group's recommendation to consider restoring depreciation deductions on seismic strengthening. The race to get buildings up to code following the Canterbury earthquak...

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