It's just 20% depreciation up front - a timing difference - and has limitations in what asset classes it applies to. I'll check in CAANZ member comms to see what the concern is, but I see no issue at all.
According to Cuthbertson "He’s bemused at the inclusion of things like company cars and office buildings, which aren’t even eligible for depreciation these days."
Comments
"Shane Jones left his own noisy beer-and-crayfish party to check whether there really was no cap that could receive the 20% tax deduction.
He calls back, jubilant. Yes, he confirms, even a massive gas rig will be eligible."
"very surprised” at the breadth of the Investment Boost programme.
“It’s uncapped!” he exclaims. “I mean, I would have thought that you would have wanted some mechanism to keep control of it.”
Its going to be a costly disaster.
Not so much as those who voted for them...as those who fund them.
Also the uncapped nature of it.
It's a rort paid for by cancelling pay equity.
you cant claim standard depreciation on the value of the item you are already claiming is all?
What if every tradie buys a new electric ute? Great for the country, terrible for the govt books https://newsroom.co.nz/2025/05/23/govts-think-big-investment-boost-there-is-no-limit/