Revenue Minister Peter Dunne wants feedback on suggested changes to the rules around asset depreciation.He said today the review included non-residential building fit-outs, which was announced in the May budget.The paper suggests an option to clarify the
Revenue Minister Peter Dunne wants feedback on suggested changes to the rules around asset depreciation.
He said today the review included non-residential building fit-outs, which was announced in the May budget.
The paper suggests an option to clarify the law on when non-residential fit-outs can be depreciated separately from the building.
"The tax system aims to impose taxes on investment in as neutral a manner as possible to remain fair," Mr Dunne said.
"For this reason, it is appropriate to examine these depreciation issues and address them."
The paper is on www.taxpolicy.ird.govt.nz.
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