Now’s the time to plan capital investment
Budget 2025 saw the announcement of a new tax incentive, Investment Boost, allowing businesses to claim 20% deductions for the costs of new (or new to New Zealand) business assets purchased on or after 22 May 2025. For profitable businesses looking to reduce tax commitments, there has never been a better time to increase productivity with new hydraulic attachment technology.
With the end of the financial year on the horizon, many businesses are looking to invest in new machinery to improve their efficiency in the coming years.
In a Rural News article, tax advisory specialist Craig Macalister hails the incentive as a “golden opportunity”.
“New, modern equipment can improve productivity and deliver operational efficiencies,” he says. “An effective discount through the tax system puts that new equipment within their reach – and that’s good for the overall economy.”
The move is a common sense one when assessing the type of machinery that is now available within the market.
“If you factor in the extra 20% discount, it makes sense to push the go button on any new purchases now and claim the tax write off in this financial year,” says Earthworm’s Rick McLean. “This extra tax saving can make a brand-new attachment similar to what’s available second hand.”
“So, businesses can get a new attachment, at a second-hand price, backed by our warranty and service support. What’s not to like about that?”
The clock is ticking for businesses in a profitable position looking to take advantage of the deduction, however. Rick says the Earthworm team “are ready to go”.
“We have a 24-hour quote turnaround time and aim to have all attachments out for delivery within 48 hours of purchase,” he says. “There’s still plenty of time to plan and purchase your next attachment before the end of the financial year.”
Ready to talk attachments? Drop us a line.