GST CHANGE OF USE RULES
It has come to our attention that there is considerable confusion out there amongst practitioners as to how the GST Change of Use Rules apply... Learn More
Tax Specialsts Auckland
Chartered Accountants
Latest News
RING FENCING OF RENTAL LOSSES- RECENT ISSUE PAPER
It is proposed that Ring fencing of rental losses will apply from 2019-2010 income year or with possible phasing in over period of 2 years.... Learn More
BRIGHTLINE TEST EXTENDED to 5 YEARS
Brightline test is increased from 2 to 5 years. This applies to properties acquired on or after 29 March 2018 The 5 year rule applies ... Learn More
EXTRACTING CAPITAL GAINS FROM COMPANY
How to extract capital gains tax free when company sells its business is a common question that many shareholders ask. If you carry on business... Learn More
HOLIDAY HOMES & GST
Taxpayers who own holiday homes which are rented out should be aware that such rental will not constitute the supply of accommodation in a dwelling... Learn More
EMPLOYEE SHARE SCHEMES – START UP COMPANIES
In May 2017 the Government released an official’s issue paper proposing a deferral mechanism for taxation of employee share schemes (ESS) for startup companies. The... Learn More
FIF – AUSTRALIAN LISTED SHARES EXEMPTION
Effective 01 April 2017 the exemption from FIF rules for Australian listed shares will be simplified. Prior to the amendment of s EX31 the exemption... Learn More
TAXATION OF DISTRIBUTIONS FROM TRUSTS
Often we are asked to advise on distributions from Trusts. The taxation of distributions depends on the classification of a Trust and the residency of... Learn More