$5000 Good News from IRD

IRD has released excellent news for landlords, that could save you $5000!

Due to Covid 19, the IRD is allowing you to claim an immediate tax deduction for assets costing less than $5000 if purchased between 17 March 2020 to 16 March 2021. This is particularly relevant to property owners who are upgrading heating in their properties.

You will be able to claim the expense in this current financial year, if it is up to $5000, rather than depreciating it over the life of the asset. The below table outlines this in more detail.

Interested to learn more? You can find more information on the IRD website here.

Get the latest news for landlords

Get a Free Rental Appraisal

Free and no-obligation! Receive a detailed report on the earning potential of your investment property.

Call Allan Hartley Today

Quinovic Johnsonville & Northern Suburbs

027 522 9084 or email me

Call Jordan Atkinson Today

Quinovic Kent Terrace Wellington

027 297 0873 or email me

Follow us: 



Receive latest investor news straight to your inbox. Sign Up

Call Helen Vance Today

Quinovic Hutt Valley

027 487 8103 or email me

© Quinovic Kent Terrace, Johnsonville and Hutt Valley Wellington Property Management 1988-2021. Privacy Policy