Ikea eligible for tax break under Govt’s Investment Boost scheme

(Image: DepositPhotos)

Mon, 29 Sep 2025

Ikea’s first New Zealand store, valued in the hundreds of millions of dollars, will be eligible for the Government’s “Investment Boost” tax deduction, despite being mostly built before the programme began.Construction of the store began in June 2023.Investment boost was the centrepiece of Budget 2025 and was widely promoted by the Government as an important means of attracting new investment to NZ. It applies to domestic and foreign investors.The programme covers a wide range of business investments, including comme...

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