Claim Your 20% Forklift Tax Deduction Before 31 March
Buy a new forklift and claim an immediate 20% deduction under the Investment Boost. To qualify, your forklift must be purchased and in use before 31 March.
We help ensure your new forklift is delivered and ready for use before the 31 March deadline.
WORK-READY FORKLIFTS FOR NEW ZEALAND BUSINESSES
With over 40 years of experience supplying forklifts across New Zealand, we help businesses secure the right equipment while ensuring they meet the Investment Boost eligibility requirements before the 31 March deadline.
- Brand new forklifts eligible for the 20% Investment Boost deduction
- Electric, diesel, LPG and warehouse models available
- Fast nationwide delivery to help meet the 31 March deadline
- Expert advice to ensure your forklift qualifies for the deduction
CHECK IF YOUR FORKLIFT
QUALIFIES FOR THE 20% DEDUCTION
Submit your details and our team will confirm eligibility and delivery availability.
Rough Terrain Forklifts
Narrow Aisle Forklifts
Electric Forklifts
LPG & Diesel Forklifts
Pallet Jacks
How the 20% Deduction Works
The Investment Boost allows businesses to claim 20% of the cost of a new forklift as an immediate tax deduction in the year the asset is first used. The remaining balance is then depreciated normally over the forklift’s useful life.
Example
If you purchase a new forklift for $60,000 and put it into use before 31 March:
- You can claim $12,000 (20%) immediately as a deduction
- The remaining $48,000 is depreciated over time
This does not increase the total deduction you receive — it simply allows you to bring forward part of your depreciation, helping reduce taxable income in the current financial year.
ELIGIBILITY REQUIREMENTS FOR THE 20% DEDUCTION
QUALIFYING ASSET REQUIREMENTS
- The forklift must be brand new or new to New Zealand
- The asset must be depreciable for tax purposes
- The forklift must be purchased for business use
- Used forklifts already operating in New Zealand do not qualify
TIMING REQUIREMENTS
- The forklift must be first available for use before 31 March
- Delivery and commissioning must occur before the financial year deadline
- The deduction applies in the tax year the asset is first used
- Early planning helps ensure delivery before the eligibility cut-off
Excellent Service from Stellar Auckland
Stellar Auckland has provided outstanding service for our forklifts. Their team is professional, efficient, and always quick to respond whenever support is needed…
Service. Service. Service. Good range of brands and choice of equipment. Short term or long term need. Rent. Lease. Purchase. They truly suit their package to allow your business to grow (and theirs of course)…
The friendly mechanics do a fantastic job along with a full report afterwards…
I have been dealing with them for over 20 years and have brought a few machines from them. The last 2 have been new and have been very reliable and there service people are so nice. I will never go anywhere else.
NATIONWIDE SUPPLY, TRUSTED FORKLIFT EXPERTS
Stellar Machinery supplies new forklifts across New Zealand, helping businesses secure the right equipment before the 31 March Investment Boost deadline.
Our experienced team will help you choose the right forklift and coordinate delivery so your equipment is ready for use on time.
With reliable machines, expert advice, and nationwide support, we make the process simple, fast, and hassle-free from enquiry to delivery.
READY TO SECURE YOUR 20% DEDUCTION?
Our team will help you choose the right equipment and coordinate delivery so your asset is ready for use before 31 March.
Speak with our specialists today to confirm availability and ensure your forklift purchase qualifies for the Investment Boost.
Call 0800 995 057 or request your quote today.
Stellar Machinery provides forklift sales, hire, and servicing across New Zealand. With locations nationwide, our team is here to support your business—get in touch today.
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