Post sponsored by

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.