I see you have to agree with most of what I said in the previous post. Since, on average, rental and commercial property increases in value in toto over the years, the idea that you could claim depreciation on some parts of a building like the plumbing or drapes, but not have to add to income to allow for the likely appreciation in other parts of it, is a bit weird. It was a brilliant tax dodge, that's all it was. Normal businesses do get to claim depreciation on their working assets, like computers, and that is more real. Often they rent their premises, so take the premises away from the equation, and the business is left looking shabby if the working assets are not replaced regularly.
I'd like to know what proportion of landlord property sales ever get taxed on capital gain. It won't be high, most of you are too clever for that.
http://www.nzherald.co.nz/business/n...ay+6+July+2016