As part of the 2025 New Zealand Government Budget, a new Investment Boost initiative has been introduced – and it’s great news for businesses investing in new vehicles.

If you’re a New Zealand-registered business looking to upgrade your fleet or add a new ute to your operations, you could benefit from an extra 20% tax deduction on eligible new assets – including vehicles like Isuzu D-MAX and MU-X – purchased from 22 May 2025 onwards.

For businesses in industries like farming, construction, or logistics – where vehicles are vital assets – this initiative is a smart way to reduce your tax bill while investing in high-performing, reliable equipment.

At Isuzu Utes NZ, we’re here to help you make informed decisions about your next vehicle purchase. Complete the form and we'll get in touch about your business' vehicle needs. And, don't forget to talk to your accountant or financial adviser to understand how this tax incentive applies to your situation.

When you purchase a brand new vehicle for business use, you may be able to claim:

• An extra 20% tax deduction on the purchase price in the current financial year (depending on your business’s tax year-end – commonly May or June for farming businesses).

• This is in addition to the usual tax depreciation already available, calculated as if the asset's value were reduced by 20%.

This means a more immediate tax benefit, especially valuable if you’re nearing the end of your financial year.

To qualify for the Investment Boost deduction, your vehicle purchase must meet the following criteria:

1. The vehicle must be brand new (not used or second-hand)

2. Purchased on or after 22 May 2025

3. Used primarily for business purposes

4. Bought by a New Zealand-registered business

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