News

IRD's views on depreciation challenged

Tuesday 19th of January 2010

In an Exposure Draft released late last year the department argued "that the breaking down of a residential rental property into such separate items is not an approach that can be universally applied."

It first raised this view in 2007 and provoked a strong, negative reaction from investors and their professional advisers.

Institute of Chartered Accountants Tax Director Craig Ma...

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