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Budget 2025 | The Government has introduced changes to Working for Families and KiwiSaver as well as introducing Investment Boost: an immediate tax deduction when acquiring new business assets. Find out more: www.budget.govt.nz

Important Update

The Government’s Mini Budget contains proposals to change the bright-line test back to a 2-year period, and to remove deductions for commercial building depreciation. These proposals are expected to become law in 2024.

For more information, see the Minister’s press release.

beehive.govt.nz

Last updated: 20 Dec 2023
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