Depreciation changes for commercial and industrial buildings in New Zealand
To support NZ businesses through the COVID-19 pandemic the government have released a depreciation policy change as part of their $12.1 billion emergency stimulus package. This change will once again allow Commercial, Industrial and Retail building owners the ability to take advantage of depreciation deductions.
You can read about the Government changes on the Inland Revenue website here.
Opteon is committed and passionate about supporting NZ businesses in this difficult economic climate. As the largest independent valuation advisory business in NZ, Opteon’s team of local experts are ready to provide independent advice for businesses and property owners looking to take advantage of these changes.