Get an Additional 20% Tax Deduction on New Business Vehicles

Receive a tax benefit when you invest in a new vehicle for your business.

From 22 May 2025, eligible New Zealand-registered businesses can claim an additional 20% tax deduction on new assets.

How does it work?

  • Purchase a brand new vehicle for business use on or after 22nd May 2025.
  • Claim 20% of the vehicle’s value as a one-off deduction.
  • Continue claiming depreciation on the remaining 80%.
  • No forms or applications required – your accountant includes this in the return.

Upgrade your business fleet at Ingham Cambridge and take advantage of the 2025 Investment Boost.

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Our New Vehicle Range

New Mitsubishi Range

ASX

Next-Generation Triton

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X-Trail

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Terms & Conditions: 

*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

Internal Code #1401