Business feature: NZ IronPlanet Auction

Date: 26.02.2024

Ritchie Bros. announces the New Zealand IronPlanet EOFY (end of financial year) Auction slated for 21 March

Ritchie Bros., one of the leaders in equipment solutions, recently announced the New Zealand IronPlanet EOFY (end of financial year) Auction slated for 21 March. As businesses approach the end of the financial year, Ritchie Bros. is extending an opportunity to sell confidently and unlock a range of benefits.

"Ritchie Bros. is thrilled to present New Zealand’s first auction of the year, the National IronPlanet EOFY Auction on 21 March, providing businesses with a strategic avenue to maximise returns as they approach the end of the financial year," says Dom McGlinchey, regional sales manager at Ritchie Bros. New Zealand.

"This auction is not just a platform to sell equipment; it’s a chance for businesses to make strategic moves, unlock benefits, and navigate the EOFY seamlessly with our global exposure, competitive bidding, and expert logistics support," he says.

Selling during the EOFY in New Zealand provides businesses with several advantages, as Dom points out: "EOFY is a golden opportunity for businesses to strategically optimise their assets. Sellers can leverage potential tax advantages, including depreciation deductions, considerations for capital gains, and immediate write-offs for small businesses."

Ritchie Bros. aims to facilitate a smooth process for sellers, with Dom highlighting the expertise of their team in New Zealand tax regulations: "Our expert team is well-versed in New Zealand tax regulations, ensuring a smooth navigation of the process. By consulting with Ritchie Bros., businesses can explore how selling at EOFY aligns with their tax planning goals, setting them up for a robust start in the new financial year.

"Connect with our experts and don’t miss the chance to sell at the Ritchie Bros. New Zealand EOFY IronPlanet Auction on 21 March."

For more information, visit ironplanet.com.au.

Keep up to date in the industry by signing up to Deals on Wheels' free newsletter or liking us on Facebook.