Tax programme to consider seismic strengthening inducements

Tax programme to consider seismic strengthening inducements
Paul McBeth
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...

More Economy

NZers fear RBNZ's digital currency plan's privacy risks
Economy

NZers fear RBNZ's digital currency plan's privacy risks

The biggest concern about digital cash is the potential for Government control.

Rebecca Howard 10 Dec 2024
RBA set to keep rates steady while growth concerns linger
Finance

RBA set to keep rates steady while growth concerns linger

The central bank’s policy meeting is slated for Tuesday

Liquidated Sustainable Foods owed Kānoa $1.4m
Economy

Liquidated Sustainable Foods owed Kānoa $1.4m

Sustainable Foods joins the list of failed Kānoa-backed ventures.

Gregor Thompson 09 Dec 2024
Value of commercial property sales lowest in a decade
Economy

Value of commercial property sales lowest in a decade

The value of New Zealand commercial property has fallen 10% since the 2021 peak, after the sharp interest rate rises and weak economic activity of the past few years, Westpac says.The number of commercial property transactions has also fallen, with the value of sales dropping bel...

Maria Slade 09 Dec 2024