News

29 March 2018

The Bright-line test to determine if the sale of a residential property is subject to income tax has been extended from 2 to 5 years.

http://www.ird.govt.nz/news-updates/brightline-extension.htm


8 February 2018

Food Act: If you are in the business of selling food, you must register under the new Food Act by 31 March 2018.      

http://www.mpi.govt.nz/food-safety/food-act-2014/transition-timetable/businesses-that-must-register-by-31-march-2018/


20 December 2017

The cost of your entertainment

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11963261 


30 November 2017

With the Loan To Value (LVR) restrictions meeting some of the objectives in cooling the property market, the Reserve Bank is looking at easing these:  http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11949644  


20 November 2017

The Government Announces changes to tertiary funding from 2018: 

http://www.ird.govt.nz/news-updates/like-to-know-changes-tertiary-funding.html   


17 October 2017

The IRD is cracking down on cash-jobs that are not declared by tradesmen: http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11933837     


From fart tax to google tax;  weird Tax Rules from around the world; https://www.cnbc.com/2014/02/14/top-12-weirdest-tax-rules-around-the-world.html    


22 September 2017

Australia taxes ghost homes:
http://www.smh.com.au/business/property/dear-ghost-home-owner-prepare-to-be-hit-with-more-tax-20170922-gymo2m.html   


10 August 2017

Is the lease surrender payment to the landlord a capital or revenue receipt? This is confirmed by the High Court:
http://www.ird.govt.nz/technical-tax/case-notes/2017/cn-2017-08-10-lease-surrender-payment.html