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
Tax Specialsts Auckland
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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
PAYE SALARIES FOR SHAREHOLDER EMPLOYEES
The income tax legislation has recently been changed so as to enable the shareholder employees to take both a PAYE and non-PAYE salary. Previously this... Learn More