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Seismic Tax Coalition push for change

A coalition of local authorities and private landlords that want the cost of strengthening earthquake-prone buildings to be tax deductible may be making some progress.

Inland Revenue has put out a discussion documentĀ on the issue and is asking for submissions on whether businesses should be allowed to write off the costs of strengthening commercial buildings against their income.

See the full report and audio from Radio New Zealand here.

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