News

NEW IRD RULES FOR DEPRECIATING RENTAL PROPERTY

Thursday 5th of August 2004
The paper and its proposals, if enacted, carry many potential effects for residential property investors.

What does the paper say? The paper basically says the present depreciation regime allowed on rental properties is too generous and the Government is to change the rules. How might the system change? They say that the annual deduction of 4% of a building's dimi...
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