Now's the Time to Build!
The May 2025 Budget has introduced a new accelerated depreciation scheme called the "Investment Boost." Under this scheme, most assets that are depreciable for tax purposes, as well as new commercial and industrial buildings, will qualify. This scheme allows for an immediate deduction of 20% of the cost of any new commercial building (excluding land) that is purchased or available for use from 22 May 2025. The remaining 80% of the cost of the new commercial building remains ineligible for further depreciation deductions
Example:
Building value: $100,000
Investment Boost deduction: 20%
Tax Rate: 28%
($100,000 x 20%) x 28%
One-off Tax saving of $5,600
Effectively, a 5.6% saving on the building
To see if your project qualifies, please refer to the official IRD guidance or speak to your accountant or financial advisor.
Disclaimer: This information is provided for general guidance only and is not financial or tax advice. Please consult a qualified advisor before making any investment decisions based on this information.
Customise your Commercial Building
We can customise your commercial building in terms of length, height and span. Below is a large range of extras that can be added to your building. Speak to your local Totalspan building professional today to discuss your design criteria.
