|Published In||New Zealand|
|Publisher||CCH New Zealand|
Providing a straightforward approach to New Zealand tax law, this guide covers all legislative and case law developments up to 31 December 2020, including:
• tax relief and income measures contained in COVID-19 response legislation, including the reintroduction of depreciation for non-residential buildings, an increase in the provisional tax threshold, changes to the tax loss continuity rules, and a tax loss carry-back regime
• the introduction of the wage subsidy and small business cashflow loan scheme in response to COVID-19
• broadening the refundability of research and development tax credits
• proposed legislative changes, including specific deductibility provisions for feasibility expenditure, rules to govern purchase price allocations, and expansion of the regular pattern restrictions in the main home, residential and business premises exclusions.
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