Owners of commercial buildings and rental houses will no longer be able to claim depreciation on them.
The budget released today also removes a 20 per cent depreciation loading on new plant and equipment purchased after budget day.
The two depreciation measures were suggested in the Tax Working Group report and the subject of speculation going into the budget.
Will landlords be worse off after the 2010 Budget? Here is the latest selection of Your Views:
Will landlords be worse off after the 2010 Budget?
AdvertisementAdvertise with NZME.