💥 Hot Off the Press: 20% Tax Boost for New Business Purchases!

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Thinking about upgrading your gear, buying a new work vehicle, or building new premises? Now’s a great time!

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The Government’s just rolled out something called Investment Boost in last week's budget – and it’s as good as it sounds.

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Here’s the gist:

From 22 May 2025, when you buy new capital assets (like machinery, equipment, or commercial buildings), you can claim an extra 20% tax deduction right away — on top of normal depreciation. Yep, more money back in your pocket!

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What’s in?

✅ New business gear (machinery, tools, tech, etc.)

✅ Work vehicles

✅ New commercial/industrial buildings

✅ Capital upgrades/improvements

✅ Even imported stuff (as long as it’s never been used in NZ)

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What’s not?

❌ Used stuff already in NZ

❌ Land, houses, or stock

❌ Patents and similar intangible assets

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Why care?

Because this is basically the government giving your tax bill a little massage. It’s a sweet deal if you’re planning to invest in your business soon.

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If you’ve got something big on the horizon or you're not sure whether your asset qualifies, flick us a message — we’re happy to help you figure it out.

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