New Zealand


  • Service: Tax
  • Type: Business and industry issue
  • Date: 14/09/2012

Contact us

Rebecca Armour

Partner - Tax

+64 9 367 5926


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

Taxmail - September Tax Bill introduced 

Issue 1, September 2012


The centrepiece of the Bill is the tightening of the deductibility rules for assets used for both private and income-earning purposes (so-called “mixed-use assets”). 


Some deductions will need to be apportioned based on the ratio of income-earning use to private use of the mixed-use asset. 

taxmail - deductability
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The Government today introduced the Taxation (Livestock Valuation, Assets Expenditure, and Remedial Matters) Bill.  Taxmail summarises the key changes in the Bill.


While the broad changes were announced earlier this year, the draft legislation does contain some ‘fish hooks’, such as a proposed interest apportionment rule where a mixed-use asset is held through a close company.


Other changes in the September Tax Bill include further changes to the livestock valuation regime, various GST changes and miscellaneous remedial items.


  • See the Bill and IRD commentary


If you have any questions on the above, please speak to your usual KPMG advisor or contact:


Rebecca Armour
Partner - Tax
Phone: +64 9 363 3458

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

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