Latest news with #SuttonTools
RNZ News
7 days ago
- Business
- RNZ News
Watch: Christopher Luxon and Nicola Willis speak in Rangiora
They have been visiting Sutton Tools - a company whose factory in Kaiapoi went up in flames after a fire which was started accidentally in January 2022. Last year, Star News reported that the construction of Sutton Tools' new $20 million factory in Rangiora was scheduled to open early in 2025. The visit comes following the government's Budget announcement of a tax incentive targeting businesses . The Investment Boost policy would allow a business to immediately deduct 20 percent of the cost of a new asset on top of depreciation. The policy came into force immediately, and applies to assets purchased in New Zealand as well as new and used assets imported from overseas. "It includes commercial buildings but excludes land, residential buildings, and assets already in use in New Zealand." Sign up for Ngā Pitopito Kōrero , a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
RNZ News
7 days ago
- Business
- RNZ News
Watch live: Christopher Luxon and Nicola Willis speak in Rangiora
They have been visiting Sutton Tools - a company whose factory in Kaiapoi went up in flames after a fire which was started accidentally in January 2022. Last year, Star News reported that the construction of Sutton Tools' new $20 million factory in Rangiora was scheduled to open early in 2025. The visit comes following the government's Budget announcement of a tax incentive targeting businesses . The Investment Boost policy would allow a business to immediately deduct 20 percent of the cost of a new asset on top of depreciation. The policy came into force immediately, and applies to assets purchased in New Zealand as well as new and used assets imported from overseas. "It includes commercial buildings but excludes land, residential buildings, and assets already in use in New Zealand." Sign up for Ngā Pitopito Kōrero , a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
