The Government plans to tax commercial property owners an extra $575 million a year in order to fund residential property and income tax cuts. 

Finance Minister Nicola Willis is standing by her decision to remove ability for commercial and industrial owners to deduct depreciation as an expense going forward.

NZ Herald Wellington business editor Jenee Tibshraeny explains the impact of these changes.

LISTEN ABOVE

The Government plans to tax commercial property owners an extra $575 million a year in order to fund residential property and income tax cuts. 
Finance Minister Nicola Willis is standing by her decision to remove ability for commercial and industrial owners to deduct depreciation as an expense going forward.
NZ Herald Wellington business editor Jenee Tibshraeny explains the impact of these changes.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.