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Source: Inland Revenue Department –

Inland Revenue is seeking feedback on changes to confirm the component approach, applied in practice by distribution networks. If adopted, the changes should apply from 1 April 1993 when the current depreciation rules were introduced.

For more information on the proposals, and how to make a submission, see the consultation document Tax treatment of expenditure on distribution networks.

The closing date for submissions is 25 May 2022.

MIL OSI