News

IRD cracks down on chattel depreciation

Thursday 25th of May 2006

Many developers and investors have taken the view that they can depreciate individual components in a property as well as the actual building itself.

However the Institute of Chartered Accountants has asked for clarification of Inland Revenue's position, and what the Inland Revenue approach to the issue will be.

ICANZ has produced a statement, in conjunction with the Inland Revenu...

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