Upgrade Your Fleet and Benefit from the 2025 Investment Boost
10 June, 2025
Looking to invest in new vehicles for your business? Now’s the time.
As part of the 2025 New Zealand Government Budget, a new Investment Boost initiative has been introduced — and it’s excellent news for Kiwi businesses looking to grow.
What Is the Investment Boost?*
From 22 May 2025, eligible New Zealand-registered businesses can claim an additional 20% tax deduction on new assets — including new vehicles. Whether you’re replacing outdated models or scaling up your operations, this initiative makes it easier (and smarter) to upgrade your fleet.
This extra deduction is designed to encourage productivity and investment in the tools that keep New Zealand moving. For industries like agriculture, construction, logistics, and trades, where vehicles are essential, this can mean real savings on your next purchase.
Why Invest in New Vehicles Now?
By investing in your fleet today, you’ll not only benefit from improved safety, efficiency, and reliability, but you’ll also reduce your tax bill in the next financial year. It’s a win-win for your bottom line and your business operations.
At Ingham, we supply a wide range of fleet vehicles at dealerships across the North Island — all known for their advanced technology, fuel economy, and safety features.
Fleet Solutions for Every Business
No matter the size or sector of your business, we can tailor a fleet solution to suit your needs. With flexible ownership and leasing options, competitive servicing, and the support of local Ingham dealerships , we’re here to help drive your business forward.
From compact hybrids to hardworking utes and vans, our expert team will guide you through the best options for performance, value, and eligibility under the Investment Boost scheme.
How It Works*
When you purchase a new vehicle for business use under this scheme, here’s what you may be eligible to claim:
1. An extra 20% tax deduction in the current financial year
2. This is in addition to the standard depreciation deduction
3. The asset’s value is treated as being reduced by 20%, giving you a greater upfront tax benefit
For example, if your business’s tax year ends in May or June (as is common in the farming sector), buying a vehicle now could directly lower your taxable income before the year closes.
Eligibility
To qualify for the Investment Boost deduction, your vehicle purchase must meet the following criteria:
* The vehicle must be brand new (not used or second-hand)
* Purchased on or after 22 May 2025
* Used primarily for business purposes
* Bought by a New Zealand-registered business
* Information on this page is for reference only. You should seek independent advice from your account or lawyer. For more information visit https://www.ird.govt.nz/income-tax/income-tax-for-businesses-and-organisations/types-of-business-expenses/new-assets—investment-boost