Budget 2025 included a win for Canterbury Manufacturers. After sustained advocacy from Business Canterbury, we were pleased for the launch of the new Investment Boost scheme offering a 20% upfront tax deduction on new (or new-to-NZ) assets - including tools, machinery, vehicles, and commercial buildings with normal depreciation on the rest. We see this as a strong incentive/opportunity to invest.
Be sure to get professional advice to make this work best for your business as soon as you can. In the meantime, hopefully we can answer some of your general queries below.
You'll find a link to the full Government resource at the end of this post.
This information is provided by Business Canterbury and is based on publicly available Government resources. It is for general guidance only and does not constitute tax, financial, or legal advice. Businesses should seek independent advice specific to their situation.
Download the official Investment Boost FAQs PDF here.