TrustPower wins tax dispute over deductions on project feasibility costs

Mon, 18 Nov 2013

Nov. 18 (BusinessDesk) - TrustPower, the energy company controlled by Infratil, has won a tax dispute with the Inland Revenue Department over whether it could claim deductions on costs arising from the feasibility of renewable generation projects. The High Court ruled in favour of the Tauranga-based company that some $17.7 million of feasibility expenditure incurred from four renewable projects between the 2006 and 2008 tax years was deductible, TrustPower said in a statement. “While the judgment remains open to appeal, this is a pleasing...

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