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Showing results 1-11 of 11

  1. Repairs and maintenance: Why “fixing what broke” might not be deductible

    Storm repairs and defect remediation can look like-for-like, but timing and condition tests may still push costs into capital, not deductions...

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  2. Understanding bright-line rollover relief: What transferees inherit in family transfers

    Inland Revenue’s QB 25/15 explains how rollover relief under the bright-line rules applies when residential land is transferred between associated persons...

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  3. Final guidance clarifies bright-line test application to subdivisions and lifestyle blocks

    This article focuses on two items—PUB00488d, which deals with subdivided land, and PUB00488e, which covers lifestyle blocks...

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  4. Updated land sales guidance: Key draft clarifications and amendments

    Inland Revenue has released six draft amended Questions We’ve Been Asked (QWBAs) concerning land sales and the bright-line test...

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  5. 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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  6. Trimming the bright-line test and eliminating commercial property depreciation

    New Zealand’s new government announces initial property tax changes...

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  7. NZ Government’s 100-day plan and beyond: what it means for tax

    Addressing the tax technical issues stemming from the new NZ government’s policy priorities...

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  8. Parents trapped: application of land sale rules to co-ownership changes

    Inland Revenue recently published Interpretation Statement 22/03: “Income tax - Application of the land sale rules to co-ownership changes and changes of trustees”...

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  9. Purchase Price Allocation Rules now apply

    Members acting for clients in the sale and purchase of a business or commercial property should be aware that new rules now apply to the allocation of the sale price to the different asset classes...

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  10. Where are they now? NZ Tax Working Group key items

    While it feels like a lifetime ago, there were several key items recommended by the Tax Working Group that CA ANZ has been monitoring. COVID-19 and the current tax bill has enabled some of these items...

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  11. Tax Working Group final report: key recommendations

    While we wait for the Government’s response to the Tax Working Group report, we discuss key recommendations...

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