Travel by car between home and work – private or not?
Inland Revenue updates tax rules on travel between home and work, with new guidance to address deductibility and FBT implications...
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Draft PUB00489: Bright-line rollover relief more widely available than previously thought
Inland Revenue’s draft PUB00489 clarifies that rollover relief is not optional, transferring the transferor’s acquisition date, cost base, and property-use history to the transferee...
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Taxing share investments: What every NZ investor needs to know
Whether you use an online platform or a broker, it’s essential to consider the potential tax implications of your investments...
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Financial abuse in the tax system - recognise the signs
With the lodgement of tax returns providing tax professionals with an annual touch point with clients, tax professionals are well placed to identify signs of financial abuse...
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Should the Reserve Bank issue a digital currency?
In its consultation released on 17 April 2024 the Reserve Bank announced that it is considering issuing a digital currency. Nothing has been decided yet, but it is important to note that the digital...
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August Tax Bill delivers a variety of fixes
The Annual Tax Bill recently received its first reading in New Zealand Parliament and is now open for public consultation...
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CA ANZ remains concerned about Code Determination – 10 bodies support disallowance motion
CA ANZ makes its concerns about the Determination clear in an Open Letter to the Government and at a roundtable with the Assistant Treasurer’s office and Treasury...
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Speak up: The 2024 IR Satisfaction Survey goes live this September
This annual survey aims to understand members’ experiences with Inland Revenue and identify some of the practical implications or pain points arising from recent tax changes...
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What the 31 July 2024 tax changes mean for your clients
Starting 31 July 2024, New Zealand taxpayers will experience adjustments in their after-tax income due to changes in personal income tax (PIT) thresholds and tax credits...
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Authority rules – Requirements to act on behalf of clients
Inland Revenue recently published their proposed operational position on what they require for a valid authority to act...
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Inland Revenue tightens the reins on cryptocurrency tax compliance
Inland Revenue has made some changes to the tax rules to deal with cryptocurrencies...
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Extended rollover relief limited in application to bright-line property
CA ANZ NZ Tax Team is aware that there is a potential misconception that recent changes to the rollover relief rules are more generous (wide ranging in application) than what is in fact the case...
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Decoding the tax labyrinth of livestock valuation
Livestock farming is not only pivotal for its economic contributions but also complex due to the elaborate tax rules that govern it...
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Inland Revenue’s response to surging overdue tax debt
John Cuthbertson, Chartered Accountants Australia New Zealand tax leader points to several factors contributing to this troubling trend...
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Donating trading stock? Here’s what you need to know
New rules apply for disposals occurring on or after 1 April 2024...