“Coronavirus: Bringing back depreciation of commercial and industrial buildings a boost for property owners” Stuff Online Article (18.03.2020)

Heritage Building owners take note:

Coronavirus: Bringing back depreciation of commercial and industrial buildings a boost for property owners -Stuff Online

" ...As part of the $2.8b support package for business, the Government has reintroduced building depreciation deduction claims for property owners with commercial and industrial properties, at a level of two percent a year, ...
" (Chief executive of the Property Council Leonie Freeman) In addition, the Government has indicated that new deduction claims will be available for seismic strengthening costs at 2 percent per annum as part of this latest move. ...

https://www.stuff.co.nz/national/health/coronavirus/120380010/coronavirus-bringing-back-depreciation-of-commercial-and-industrial-buildings-a-boost-for-property-owners

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