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Richard'sDisposal of land – to be taxed or not to be taxed? Part five
This fifth article in a series of six, on the various land tax provisions contained within the Income Tax Act 2007 (“the Act”), will focus on the potential application of section CB 13 – Disposal: amount from major development or division and not already in income. As a starting comment and as a consequence of […]
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Important announcement!
We will be sending tax notices / payment slips for income tax payments by email this year. Please open these attachments to see the amount of tax to pay to the IRD and the date required along with the various ways to pay. Not only is it more efficient, you can receive these wherever you […]
What the hell have we been doing!
2015 is our 30th anniversary of business with the same name, same culture, same leadership from the same premises. We have always been different, but some of our points of difference are now main stream; How often do you see professionals in funeral clobber these days, casual dress is increasingly the norm everywhere. Sure some […]
Meanwhile, at the Pearly Gates…
An accountant dies in a car accident on his 40th birthday and finds himself at the Pearly Gates. A brass band is playing, the angels are singing a beautiful hymn, there is a huge crowd cheering and shouting his name and absolutely everyone wants to shake his hand. Just when he thinks things can’t possibly […]
How to get rich quest
In November we held a seminar “How do the rich get richer?” When it comes to getting rich, the rich get richer because they have knowledge about money. They understand how money works. They understand finance. They understand tax laws. They understand what drives profitability. When the rich get richer, it is a symptom of their […]
Politics or Good Policy – Round Two
Last month we wrote an article commenting on the new “Bright-line Test” for residential land, which was to apply from 1st October 2015, although the Bill containing the legislation had only just passed through its first reading in Parliament on 9th September 2015. Since that article was written, the Bill has now progressed through its […]