As part of Budget 2014 announced 15 May, New Zealand will allow the inclusion of R&D "black hole" development expenditures as depreciable costs and provide a cash out for losses of R&D intensive start-up firms.
"Black Hole" Expenditures
Capitalized development expenditure incurred on or after 7 November 2013 relating to a patent, patent application or plant variety rights will be allowed to be included as part of the depreciable costs of the relevant depreciable intang…