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Special edition looks at the tax measures in today’s $12.1 billion stimulus package

Depreciation on buildings restored Low value asset write-off limit increased to $5,000 Residual income tax threshold raised to $5,000 Inland Revenue to have discretion to write off use of money interest Transcript The Government has released details of its COVID-19 support package and I’m here to discuss the four specific tax measures which form part of that response. These […]

The ramifications from the removal of tax depreciation on all buildings

Tax is full of unintended consequences and one such instance is probably critical to Jenée Tibshraeny’s exposé of the problems many bodies corporate of apartment blocks now face. The story begins in January 2010 when the Victoria University of Wellington Tax Working Group (the VUW TWG) released its report. The VUW TWG’s key recommendation was for the personal, trust and […]

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