Originally Posted by
nztx
seems at odds with other business assets - that stance
Business premises with land - when sold at end of the business - GST zero rated, some depreciation recovery is assessable on buildings etc if claimed, but no capital gains tax ;)
Some appear to have curious & perhaps convenient view of 'capital gain' etc with little background knowledge of what the usual course on such things has been for decades & decades .. strangely some views become muffled when it comes to certain other assets like their own Kiwisaver gains, the beach property or car or bottle collection & gains on them ;)