The second round of Budget 2010 tax changes will help shift the economy towards savings, investments and exports and away from the “overinvestment in housing of the past decade,” said Finance Minister Bill English. By Benn Bathgate The changes include ending landlords’ and businesses’ ability to claim depreciation on buildings with a useful life of [...]
Property tax changes increase fairness says Gov’t. Changes to the tax treatment of investment property increase fairness and help rebalance the economy towards productive investment, Finance Minister Bill English and Revenue Minister Peter Dunne say. Budget 2010 property tax measures include: Denying depreciation deductions for buildings, such as rental housing and office buildings, with an [...]
