Tax opinions

Our tax partner, Richard Ashby, leads the GS tax team and he has over 30 years’ experience in dealing with New Zealand taxation issues, including a number of years he worked at the Inland Revenue, where he spent time within the investigations unit.  

Trying to interpret tax laws and thereby determine their application to your situation, can be as challenging as trying to understand a foreign language that you have not encountered before. And even then, if you reach a basic level of appreciation where you think that you now have a clear view of your playing field, the landscape is then complicated by the fact that tax law does not remain constant, and is subject to ongoing updates.  

Seeking out the opinion of a tax professional can therefore save you both time and money, along with a sense of security that the advice is up to date. It can also assist you with making more informed decisions faster and help you to mitigate potentially costly problems down the track. 

For most people, a tax professional is their accountant, who is the obvious first point of contact in querying a particular tax issue and the best course of action accordingly. However, sometimes the more complicated matters will simply be outside the scope of an accountants areas of expertise, and outside assistance will be needed to ensure that the optimal tax position is taken. There may also be independence issues to consider, with a second opinion from a tax professional often well worth the dollars outlaid for the expert advice. 

We have expertise in tax and can provide you with tax opinions on:

  1. Land related transactions – minor subdivisions, developing land, bright-line rules 
  2. Tax residency issues – determining your present tax residency status and consideration of double tax treaty agreements 
  3. Cross-border structuring – expanding a NZ business offshore or an offshore business into NZ 
  4. Application of NZ’s GST rules including for offshore businesses – NZ’s remote services, low value imported goods and non-resident business special claimants regimes 
  5. Determining appropriate structures for business transactions – including use of look-through companies (LTC), limited partnerships and unit trusts 
  6. Foreign Investment Funds (FIF), Controlled Foreign Companies (CFC), and Foreign superannuation schemes 
  7. Estate planning using family trusts and other investment structures 
  8. Business restructures including amalgamations, consolidations, and liquidations 
  9. Buying and selling businesses and associated tax due diligence exercises 
  10. Mitigating exposure to IRD penalties and use of money interest, and dealing with IRD debt 

 

Whether it’s personal or business, domestic or international related –  we can provide the expertise to help you make the right decisions, at the right time. 

Fill in the form below, or get in touch with our tax team here.

  • This field is for validation purposes and should be left unchanged.
As a client Gilligan Sheppard you will have access to international networks and resources to enable optimal outcomes for your business / trust / transaction. xero logo It’s small business accounting software that’s simple, smart and occasionally magical. Log in online anytime, anywhere on your Mac, PC, tablet or phone to get a real-time view of your cash flow. 
As a client Gilligan Sheppard you will have access to international networks and resources to enable optimal outcomes for your business / trust / transaction. tax traders logo Tax Traders allows you to buy someone else’s tax to settle your account with Inland Revenue, as well as save on interest and late payment penalty charges.
As a client Gilligan Sheppard you will have access to international networks and resources to enable optimal outcomes for your business / trust / transaction. smart ar logo Astute cash flow management is essential for operating a small business.
As a client Gilligan Sheppard you will have access to international networks and resources to enable optimal outcomes for your business / trust / transaction. myob logo Trusted by 1.2 million businesses, myob is New Zealand’s largest accounting solutions provider. The platform is equipped to support the needs of New Zealand organisations.
As a client at Gilligan Sheppard you will access to international networks and resources to enable optimal outcomes for your business/trust/transaction.  accountancy insurance logo Tax Audit Insurance specifically designed for accountants in public practice. This provides cost effective protection and peace of mind against the substantial cost that may be incurred should IR or other government authorities conduct a random review, investigation or audit.
As a client Gilligan Sheppard you will have access to international networks and resources to enable optimal outcomes for your business / trust / transaction. cpa logo A CPA is a finance, accounting and business professional with a specific qualification. It indicates a soundness in depth, breadth and quality of accountancy knowledge and gives you competitive advantage over your peers.
As a client Gilligan Sheppard you will have access to international networks and resources to enable optimal outcomes for your business / trust / transaction. agn international logo AGN International is a worldwide asociation, composed of four regions, of independent accounting and advisory businesses.
2022 Marketing To-do List
It’s on everyone’s lips, “Let’s hope that 2022 is better”. Lockdowns and levels (and now lights) brought obvious change to business, and the New Year often brings a fresh perspective on [...]
Perspective is power
One person will see the Willow tree as protection from the sun, another, will see the shade it provides as cold and unwelcoming. Another will see the Willow tree as an obstacle in their way, yet one [...]
Some life changing finds
Every year I stumble across a whole lot of cool new things – books, apps, music, websites. They make life a little easier and/or a little more interesting. Sometimes I find things that are [...]
The journey from caring to intolerance
You might ask, “Wtf, what has triggered Bruce to rant about this topic?” It’s simple really, a minor event that no one should have even had a second thought about, as the action and reactions [...]
One-sentence-story
A tale of change and adaption. In March 2020 the world changed. Many thought it would revert quickly to life as it was before and that our behaviours would also revert to what we were used to and [...]
Interest deduction limitation rules: update
In our June newsletter I wrote an article that ‘attempted’ to explain the Government’s proposed new interest deduction limitation rules, which were to have an effective commencement date of [...]
Working from home reimbursements
Covid has changed the landscape of our world. Our everyday living situations, from how we interact with other people, to how we run our businesses has changed in an all-encompassing way. I could [...]
Travel is my sanity
After five weeks of level-four lockdown, followed by seven weeks of level-three, I was asked to write an article for our newsletter. To be honest, I couldn’t summon enough positive energy to write [...]
Richard’s September-October 2021 tax updates
Richard has had over 30 years’ experience with New Zealand and International taxation. His team provide services including: Q&A service for accountants Tax opinions IRD risk reviews and audits [...]
Grow your business in lockdown. Part four of four.
Webcam selling confidence Our marketing team have collaborated with Ambrose from the Sales Mastery Company to create webinars to help small to medium businesses survive lockdown. View the fourth [...]

Click here for details.

We are recognised as authorities in our specialised fields. We publish newsletters with informed opinions that are free for you to subscribe to.

Click here for details.

We are recognised as authorities in our specialised fields. We publish newsletters with informed opinions that are free for you to subscribe to.