Valuation & Advisory Services
Purchase Price Allocation & Tax Depreciation
Our experts specialise in providing advice on tax depreciable property assets and purchase price allocation rules for commercial property.
New Tax Rules For Purchase Price Allocation
Purchase price allocation rules now apply and impact the sale and purchase of commercial property. Effective from 1 July 2021, the change requires the vendor and purchaser to adopt the same allocations in their tax returns, to avoid loss of revenue to the IRD.
The new purchase price allocation rules create a potential advantage for commercial property vendors as these changes provide them the first right to allocate the purchase price. Astute purchasers may want to ensure that the tax allocation is agreed prior to committing to the transaction.
We can help navigate these new purchase price allocation rules and advise, assist and prepare Sale and Purchase Cost Allocations for all types of commercial property.
Enhance Your Property Assets
Focusing on tax depreciation is a smart move to enhance the financial performance, net income and value of your property assets.
We help you to identify and understand any tax depreciable property assets at all points in the property cycle, effectively enhancing your returns.
Our Tax Depreciation Services
- Acquisition of an asset
- Construction works (including fitout contributions)
- Balancing adjustment assessment
- Tenant fitout abandonment assessment
- Review of existing depreciation schedules
- Fixed Asset Register Reporting (FARR)
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Valuation & Advisory Services
Our property valuers provide independent valuations on commercial, industrial, residential and rural properties for clients, owners, tenants and investors across New Zealand.