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What, if any, earthquake-prone building owners are able to claim a rebate under the Investment Boost Scheme and what is the criteria for eligibility?

Answered Question 17324 (2026)
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Asked by

Julie Anne Genter

Member for Rongotai · Green Party

Question

  • What, if any, earthquake-prone building owners are able to claim a rebate under the Investment Boost Scheme and what is the criteria for eligibility?

Answered by

Hon Chris Penk

Member for Kaipara ki Mahurangi · National Party · Minister for Building and Construction

Answer

I am advised that the Investment Boost can cover improvements to depreciable property, such as seismic strengthening, but only in situations where the building is an income-earning asset (i.e., contributes to taxable income) and not for residential buildings.