27 Jul 2016
TRUSTPOWER LIMITED v COMMISSIONER OF INLAND REVENUE [2016] NZSC 91
- Citation
- [2016] NZSC 91
- Court
- Supreme Court
Expenditure incurred obtaining resource consents that materially advanced specific capital projects constituted capital expenditure and was not deductible under s DA2 even though the projects were not yet committed to construction; s DA1 (nexus) was satisfied but the capital limitation applied.