Trustee tax rate & interest deductibility confirmed, but commercial buildings depreciation to go

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Recorded15 Mar 2024

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Show notes

This week, clarity about the application of the 39% trustee rate and the timeline restoring interest deductibility for residential investment. Inland Revenue does not consider removal of commercial buildings depreciation "to be a fair and efficient way of raising revenue". New 12% online Gaming Duty still leaves $500 million gap in the Government’s tax package.

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