Willis damps down talk of a huge depreciation change

PM Christopher Luxon and Finance Minister Nicola Willis talked up their "growth" Budget. (Image: BusinessDesk)

Tue, 20 May 2025

Finance Minister Nicola Willis is giving a “cool your jets” message on speculation of a massive change to the tax treatment of depreciation in the May 22 Budget.Speculation in some news media and “some wrong costings out there in the market” had led to talk of 100% expensing or depreciation regime, she told the weekly post-Cabinet press conference.“Let me be very clear,” she said. “A policy of that sort at 100% would come with a fiscal price tag of $34 billion over the next four years, more than $8 bill...

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