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 Tag: Tax

16 April 2021

New Requirements for Purchase Price Allocation from 1 July 2021

If you are planning to buy or sell a business this year, you need to be aware of the new purchase price allocation rules which come into effect on 1 July 2021.

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24 March 2021

The Bright-Line Test and Main Home Exemption – What You Need To Know

On 23 March, the Government passed their amendments to the residential-property bright-line test under urgency, and without consultation via a Supplementary Order Paper (SOP).

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23 March 2021

Property Investors Hit Hard by Tax Reforms

The Government has announced huge tax reforms. These tax reforms are attempting to grapple with the housing crisis, and tip the balance of power in the market towards first home buyers and long-term investors.

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3 March 2021

Business Continuity Test Set to Change

The Minister of Revenue has recently indicated his intention to introduce legislation to relax New Zealand’s loss continuity rules. Currently, New Zealand’s loss continuity rules are among the strictest in the world.

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20 November 2020

IRD cracking down on property sales

While New Zealand does not have a comprehensive capital gains tax, we do have a capital gains tax in relation to property known as the bright-line test.

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10 November 2020

Tax Structuring for the 39% Tax Rate

In the 2020 election, Labour promised to introduce a new top tax rate of 39% on income over $180,000, likely to take effect from 1 April 2021.

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