October 2017

New Provisional Tax Rules

New Provisional tax rules have come into force for the 2018 income tax year.  The two major changes provide not only a simplification of the provisional tax rules but also opportunities for tax payers to manage their provisional tax liabilities much more effectively. Change One – Safe Harbour One of the most significant changes is […]

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Farm House Deductibility Changes

The Commissioner of Inland Revenue has recently announced changes to the deductibility of farm house expenditure for farmers.  For the majority of our clients there will only be a change in the default percentage that can be claimed from 25% to 20%.  However for a small group where the value of the farmhouse is greater

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LTC – Fishhooks

Articles LTC – Fishhooks In an attempt to reduce the tax benefits of LAQCs the Government introduced Look-through Company (LTC) legislation to apply from 1 April 2011. As time as passed ‘fish hooks’ have surfaced…read the consequences of these…

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