New Zealand


  • Service: Tax
  • Type: Business and industry issue
  • Date: 28/09/2012

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Ross McKinley

Ross McKinley

Partner, Tax

+64 9 367 5904


Our tax advisory team has the skills and commitment to help you to be competitive and compliant in all areas of business tax.

Taxmail - Application date for lease inducement tax changes 

Issue 2, September 2012


Revenue Minister Peter Dunne has announced significant refinements to the proposals released earlier in the year to tax lease inducements.  This is in response to concerns raised by KPMG and others.


  • Shifting the application date for the proposals from 26 July 2012 to 1 April next year.
  • Confirming the deductibility of lease inducement payments to landlords.
  • Addressing concurrently the assessability/non-deductibility of lease surrender payments.

KPMG welcomes the above changes, which will make the proposals more workable (particularly the change in application date as the original date created significant uncertainty for taxpayers). 


While some concerns still remain, Government (and Officials) should be commended for taking on board the serious practical concerns raised. 


This also highlights the importance of taxpayers making their concerns known to Government and Officials in order to get changes made.


If you have any questions on the above, please

speak to your usual KPMG advisor or contact:


Ross McKinley
Partner - Tax
Phone: +64 9 367 5904


Darshana Elwela
National Tax Director
Phone: +64 9 367 5940


Taxmail - Comment on topical tax issues from KPMG NZ Tax. 

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