New Zealand


  • Service: Tax
  • Type: Business and industry issue
  • Date: 12/12/2012

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Rebecca Armour

Partner - Tax

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Ross McKinley

Ross McKinley

Partner - Tax

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Taxmail - Lease tax and FBT changes 

Issue 3 - December 2012


Government adds lease tax and FBT changes to September Tax Bill 

A Supplementary Order Paper (“SOP”) to the Taxation (Livestock Valuation, Assets Expenditure and Remedial Matters) Bill has been introduced to Parliament.

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

The SOP contains draft legislation implementing two policy announcements:

  • changes to tax lease inducement payments
  • changes to tax certain “salary trade-off” benefits under the FBT rules.



We discuss the draft legislation, including some of the key detail of the lease and salary trade-off proposals.


Submissions on these and other tax changes in the Bill are requested by 7 February 2013.


Both changes were signalled earlier this year and have undergone significant re-work due to concerns about their workability - see our earlier taxmails :


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