menu click
Search

The Library

RSS
Familiarise yourself with the bright-line test criteria

Familiarise yourself with the bright-line test criteria

The bright-line test is a system the IRD uses to determine whether income received from the sale of residential land will be taxed. This process has undergone changes to become more expensive, meaning it will now apply to more people. The bright-line test only applies to residential properties bought and sold on or after 1 October 2015. Residential land purchased on 1 October 2015 through to 28 March 2018 sold within two years may have its sale revenue taxed, regardless of intention at the t...
[Read the rest of this article...]
Tax Working Group

Tax Working Group

The Tax Working Group (TWG) released its long awaited Final Report (‘the Report’) on 21 February 2019, following a 13 month review during which the Group received over 7,000 public submissions. The report contained 99 recommendations for the Government’s consideration; including the introduction of a broad Capital Gains Tax (‘CGT’).
[Read the rest of this article...]
GST Checklist

GST Checklist

This checklist forms the basis of the information to be included in your GST return and should be used as a guide by you to ensure that our office receives all information required to complete your GST return accurately and on a timely basis. Please download the GST Checklist here.
[Read the rest of this article...]