Tax change would boost technology sector

Sunday 11 July 2004

The technology sector could get a boost from a new IRD report due out on Monday which is likely to float the idea of changing tax rules to encourage capital expenditure on assets such as computers.

By The Landlord

As NBR revealed last month (June 18), the wide-ranging issues paper, wittily titled "Repairs and Maintenance to the Tax Depreciation Rules," is likely to send shudders through the property sector by clamping down on people claiming exorbitant levels of depreciation on residential properties.

But another part of the 190-page document may offer a helping hand to business, with economists crunching the numbers to determine whether tax treatments could be changed to allow businesses to write off plant and technology at a faster rate.


Finance Minister Michael Cullen has indicated he wants to look at whether the private sector is not investing as much into capital infrastructure as it should be for this country to be internationally competitive.

Read More - Opens in a new window
Commenting is closed

Property News

Return to market form

There’s been a rallying of the market with the latest REINZ data showing both sales volumes and median house prices noticeably up with the onset of Spring.

House Prices

No stopping Capital price rises

There’s no sign of a slow-down in Wellington’s property prices with Trade Me Property’s latest data showing that asking prices continue to rise solidly.

Commercial

NZ proptech start-up scores major investor

Auckland-based commercial property disrupter, Jasper, has raised $2.3 million in seed funding following investment from European asset manager M7 Real Estate.

Mortgages

LVR limits slow down investors

LVR speed limits continue to have a "strong effect" on investors, according to CoreLogic, after the latest Reserve Bank data showed a drop in investor borrowing.

Site by PHP Developer