Removal of Tax Depreciation on Commercial Properties

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Removal of Tax Depreciation on Commercial Properties

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From April 1, 2024, there have been significant changes to the depreciation rules for commercial buildings in New Zealand. Let’s delve into the details:

  1. Depreciation Removal:
  2. Why the Change?:
  3. Key Details:

In summary, while this change increases tax revenue, it may prove costly for commercial building owners due to lost depreciation and compliance costs.

 

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