New assets - Investment Boost

💼 Investment Boost: A New Tax Deduction for NZ Businesses:

Are you planning to invest in new equipment or assets for your business? You might be eligible for the Investment Boost, a new tax deduction introduced by the New Zealand Government to support business investment and productivity.

🚀 What is the Investment Boost?

The Investment Boost is a special 20% upfront tax deduction for businesses that purchase new capital assets — such as machinery, vehicles, equipment, and even new commercial or industrial buildings.

This allows you to accelerate your depreciation deductions, reducing your taxable income in the year of purchase.

🔍 How Does It Work?

In the year you purchase an eligible new asset, you can claim:

• ✅ 20% of the asset’s cost as an upfront deduction
  plus

• ✅ Standard depreciation on the remaining 80% of the cost

This means a double benefit in the first year.

✅ What Assets Qualify?

You can claim Investment Boost on:

• New machinery or equipment

• New work vehicles

• New commercial or industrial buildings (even if normally non-depreciable)

• New capital improvements to depreciable property

• New imported assets (if never used in NZ before)

Even horticultural, forestry, aquaculture, and petroleum/mining improvements may qualify under specific rules.

🚫 What’s Not Eligible?

You can’t claim Investment Boost on:

• Second-hand assets previously used in NZ

• Land or trading stock

• Residential buildings (except hotels, rest homes, hospitals)

• Fully expensed low-value assets

• Patents and other fixed-life intangibles.

🤝 Need Help?

Navigating depreciation, tax deductions, and investment rules can be complex — but that’s what we’re here for.

📞 Call or WhatsApp METTAX on +64 22 542 8101
📍 Or Email: info@mettax.co.nz