Projects at risk of not progressing if depreciation is removed

Removing depreciation for commercial and industrial buildings for tax purposes has far-reaching impacts on everyday Kiwi businesses – both small and large.

In a recent survey of over 550 property industry respondents, 92% did NOT support removing depreciation. This message, along with other key statistics on the impact of removing depreciation has been central to our engagement with politicians as we await the formation of the new government.

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The Impact of Depreciation

The infographic below shows the impact removing depreciation will have on commercial and industrial buildings and everyday Kiwi businesses. Thanks to Urban Economics for their research and Russell McVeagh for

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