Tax Update – Total Back Down on CGT
TOTAL BACK DOWN ON TAXATION OF CAPITAL INCOME Many took the April 17th announcement by the Labour Government that the tax system would be subject to a wide ranging review as an indication that they …
Tax Updates
Tax Working Group final report
On the 21st of February, the Tax Working Groups final report on the ‘Future of Tax’ is due. The working group was established by Government, chaired by Sir Michael Cullen, and tasked with reviewing the …
Payments of Tax
Inland Revenue has released very recently an exposure draft on when they will consider a payment of tax to have been received on time. This statement has the most impact for taxpayers who wish to pay …
Tax implications for spending on land
It is always a very exciting prospect when looking at purchasing land. But how many people buy property and are happy to move in without spending more money? There is usually a “wish list” of …
Can you see the tax through the trees?
When buying or selling land, it is important to consider the tax implications of any standing timber on the property. Standing timber refers to a block of trees that will yield saleable timber. The Inland …
IRD Scam
Articles IRD Scam An example of of an Email Scam
Provisional Tax in dairy downturn
Articles Provisional Tax in dairy downturn With the changing dairy payout from one year to the next it can be difficult to establish what amount of provisional tax should be paid. Read more
Plan your tax payments…
Articles Plan your tax payments… Currently, of particular importance for Dairy Farmers is the timing of taxable income and managing the resulting tax payments. With dairy payout having significant swings between the tax years, careful …
Claim back the petrol increase
Articles Claim back the petrol increase Petrol has just gone up another 3 cents per litre. This means you are paying about 66 cents per litre to the government in taxes. If you are farming …
Ways to minimise your tax bill
Articles Ways to minimise your tax bill There are serveral aspects to consider to minimise tax…. read more
