{"id":526993,"date":"2026-07-15T08:21:10","date_gmt":"2026-07-15T08:21:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/526993\/"},"modified":"2026-07-15T08:21:10","modified_gmt":"2026-07-15T08:21:10","slug":"high-court-of-new-zealand-denies-podium-2m-building-works-tax-deduction","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/526993\/","title":{"rendered":"High Court of New Zealand denies Podium $2m building-works tax deduction"},"content":{"rendered":"<p data-ccp-border-between=\"0px none #000000\" data-ccp-border-bottom=\"0px none #000000\" data-ccp-padding-between=\"0px\" data-ccp-padding-bottom=\"0px\" paraeid=\"{8f86f9b2-db34-4182-b9a5-d4052a1d1ec3}{130}\" paraid=\"1631073199\">Podium sought deductions of $460,046 for seismic strengthening and $1,517,926 for ground-floor glazing on a mixed-use commercial building in central Hamilton. Under s. DA 2(1) of the Income Tax Act 2007, spending that is capital in nature\u00a0\u2013\u00a0money that creates or improves an asset rather than\u00a0maintaining\u00a0it\u00a0\u2013\u00a0cannot be deducted for income tax. Podium argued that the disputed items were repairs and maintenance\u00a0and\u00a0could be separated from the wider building project.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Podium sought deductions of $460,046 for seismic strengthening and $1,517,926 for ground-floor glazing on a mixed-use commercial building&hellip;\n","protected":false},"author":2,"featured_media":526994,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[260510,111,43,139,69,14717,168832],"class_list":["post-526993","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-zealand","tag-building-works","tag-new-zealand","tag-news","tag-newzealand","tag-nz","tag-podium","tag-tax-deduction"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/526993","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=526993"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/526993\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/526994"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=526993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=526993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=526993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}