The 2005 Budget announced an increase in the low-value asset threshold, whereby minor items may be 100% tax deductible in the year of purchase. This change came into effect for items purchased from 19 May 2005.
Page 100 - the last paragraph and footnote therefore need updating.
- The figure "$200" in the last paragraph should now read "$500"
- The figure "$200" in the footnote should now read "$500"
October 2006: The Kiwi Property Investor monthly magazine (Page 153) is no longer published and its website now leads to www.landlords.co.nz which is operated by the New Zealand Property Magazine (Page 154).