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Budget 2024: The Government has announced FamilyBoost, a proposed new childcare payment to help eligible families with the rising costs of Early Childhood Education (ECE). Find out more:

If production restarts, any expenditure that was accelerated due to the permanent cessation of production will be added back as income in the year commercial production restarts irrespective of whether it qualified for a tax credit. Expenditure will be added back only to the extent that it was for assets used in the restarted production.

New Zealand legislation

Income Tax Act 2007

  • Decommissioning
    • section CT 5B
    • section DT 16
    • section EJ 13
    • subpart LT
Last updated: 28 Apr 2021
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