Welcome to the Hunter Withers Limited blog page, your go-to resource for insightful articles, expert opinions, and the latest trends in the financial industry.
Our blog covers a wide range of topics, including financial planning, investment strategies, tax optimization, and more.
Stay informed and empowered as our team of professionals shares valuable knowledge and practical advice to help you make informed financial decisions. Explore our collection of engaging and informative articles and enhance your financial literacy today.
Unlock a wealth of information and take control of your financial future with Hunter Withers Limited.
Important Update: Investment Boost - 20% Tax Deduction for New Assets
Summary: Understanding the New Investment Boost Initiative
The New Zealand Government has introduced the Investment Boost, a new tax incentive designed to encourage businesses to invest in productive assets. This initiative allows businesses to deduct 20% of the cost of new assets from their taxable income in the year of purchase, in addition to standard depreciation. Effective for assets available for use on or after 22 May 2025, this deduction aims to enhance cash flow and support economic growth.
Key Features:
Eligibility: Applies to most depreciable assets, including machinery, equipment, and new commercial buildings. Secondhand assets from overseas may also qualify.
Exclusions: Does not cover previously used assets in New Zealand, land, trading stock, residential buildings, and certain intangible assets.
Optional: Businesses can choose to apply the Investment Boost or stick with standard depreciation, especially if expecting sustained losses.
No Limits: There are no restrictions on the number or value of assets eligible for the deduction.
International Purchases: Assets purchased from overseas are eligible if they haven't been used in New Zealand.
Examples:
A manufacturing firm investing in a $200,000 test chamber can claim a total deduction of $56,800 in the purchase year, significantly reducing its tax bill.
Solar Co's solar farm, completed on 30 June 2025, qualifies for the Investment Boost.
A laptop purchased before 22 May 2025 does not qualify as it wasn't available for use by the effective date.