Last week, the government's Investment Boost announcement provided exciting news for prospective investors in the MyFarm Solar Fund.
The policy allows for a one-time 20% write-down on new assets, enabling businesses to claim both the Investment Boost and a standard depreciation deduction in the year they purchase the asset. This development accelerates the depreciation process, resulting in a larger deduction for the year of purchase.
View the budget.govt.nz "Budget at a Glance" here
