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 […]

Make Up Your Own Mind The 2015 Budget saw the introduction of proposals to “improve compliance in the property investment sector.” Under the new rules, from 1st October 2015, transferors and transferees of land will be required to provide certain tax information at the time of the land transfer, with registration of the transfer not […]

Richard has had over 25 years’ experience with NZ taxation, and particularly enjoys dealing with land tax issues and the GST regime. He deals with clients of all types and sizes and provides tax opinions on the appropriate treatment of items of income and expenditure, assists clients with IRD risk reviews and audits and can […]

A recent TRA case (10/2013 (2013) NZTRA 10) has once again highlighted the issues surrounding tax residency, how subjective the rules are and the costs of getting it wrong. The case surrounded a taxpayer who had been in the NZ Army for over 25 years, working in both NZ and overseas. After leaving the Army […]

That is the Question… On Thursday 27th February 2014, the Taxation (Annual Rates, Foreign Superannuation, and Remedial Matters) Bill received Royal Assent, the final part of the process that brings a new piece of legislation into effect. While also confirming the tax rates for the coming 2015 tax year, a prime focus of the Bill […]

While many are referring to the recently released Australian budget as the “Black Budget”, not so for our own issued by Bill English yesterday (15th May 2014). The Budget in itself was fairly tame, not surprising considering it is an election year. And being an election year, there was of course a sly mention that […]

From 1 July 2013, new rules surrounding the portability of retirement savings will come into effect. Under the new regime, certain Australian superannuation funds and New Zealand KiwiSaver funds will be able to be transferred between countries, effectively enabling a person to “take home” any contributions they have made to an approved retirement scheme while […]

Predictable, boring… just a few words that have been used to describe this year’s Budget. How it affects you? Unsurprisingly, the 2013 Budget focussed more on social policy changes and trying to deal with the issues of affordable accommodation and child poverty than making any significant changes to the tax legislation. In fact the tax […]