Key Eligibility Criteria

  • New to New Zealand: The vehicle must not have been previously registered or used in New Zealand. Second-hand assets already sourced within New Zealand do not qualify.
  • Imported from overseas: Only imported second-hand vehicles new to New Zealand qualify under this scheme.
  • Business Use: The vehicle must be used primarily for business purposes and meet the requirements to be depreciable for tax purposes.

Take Advantage of the Investment Boost Scheme on Imported Second-Hand Trucks

If you’re buying a second-hand truck for business purposes, you may be eligible for the Government Investment Boost scheme — providing a valuable tax advantage for your operation.
The Investment Boost scheme allows businesses to claim an immediate 20% tax deduction on the cost of qualifying assets. Crucially, this deduction can apply not just to brand-new vehicles, but also to second-hand vehicles imported into New Zealand for the first time.

Take Advantage of the Investment Boost Scheme on Imported Second-Hand Trucks

If you’re buying a second-hand truck for business purposes, you may be eligible for the Government Investment Boost scheme — providing a valuable tax advantage for your operation.
The Investment Boost scheme allows businesses to claim an immediate 20% tax deduction on the cost of qualifying assets. Crucially, this deduction can apply not just to brand-new vehicles, but also to second-hand vehicles imported into New Zealand for the first time.

Key Eligibility Criteria

  • New to New Zealand: The vehicle must not have been previously registered or used in New Zealand. Second-hand assets already sourced within New Zealand do not qualify.
  • Imported from overseas: Only imported second-hand vehicles new to New Zealand qualify under this scheme.
  • Business Use: The vehicle must be used primarily for business purposes and meet the requirements to be depreciable for tax purposes.

In practice, this means if you buy a second-hand vehicle that has been imported from overseas to New Zealand for the first time, you may claim a 20% immediate tax deduction on its cost under the Investment Boost scheme.
This represents a significant opportunity to optimise your vehicle investment while managing cash flow more effectively.

If you’d like to discuss how this could work for your business, or to explore vehicle options that meet the criteria, get in touch with our team
We’re here to help you make the most of your investment.