Queenstown Airport in High Court fight to keep $2.7 million tax deductions

Mon, 14 Mar 2016

By Sophie Boot March 14 (BusinessDesk) - Queenstown Airport's runway end safety area is more than just land and the airport should be able to claim depreciation for its construction, it has claimed in Wellington's High Court this morning. The airport is in dispute with the Inland Revenue Department over whether it should be able to claim depreciation on the runway end safety area (RESA) at the eastern end of its international runway for the 2012 and 2013 tax years, and in the future. At issue is whether improvements on the land qualify as...

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