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Daily Archives: 30 April 2020

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Taking advantage of the new building depreciation deduction claims

Taking advantage of the new building depreciation deduction claims

TaxBy BDS Hughes30 April 2020Leave a comment

As part of the New Zealand Government’s $12.1 billion emergency COVID-19 stimulus package, the Government has reintroduced building depreciation deduction claims for property owners with commercial and industrial properties. The deduction claims will be at a level of 2% a year starting in April 2020. This business relief measure will provide property owners with a…

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