August 4, 2020

INSIDE THIS EDITION

Take a break 1

Deductibility of Healthy Homes costs 2

Purchase price allocations 3

What is revenue? 3

Snippets 4

Accounting for COVID-19 4

FBT on vehicles during lockdown 4

Take a break

In the months since the peak of COVID-19, the stringent restrictions hav...

August 4, 2020

On 26 June, Inland Revenue (IRD) released Interpretation Statement 20/05. The statement describes how GST applies to the sale of a dwelling that is included within a wider supply of land.
A common example that the statement applies to is the sale of a farm that compris...

May 9, 2020

INSIDE THIS EDITION

Emerging from Covid-19 1

GST issues paper 2

Carry back of tax losses 3

Other tax changes in response to 

Covid-19 3

Snippets 4

Can you steal GST? 4

Lockdown 4

Emerging from Covid-19

As New Zealand moves down the COVID-19 alert levels businesses face a long tr...

May 9, 2020

When starting a new business, a fundamental question becomes how should it be structured? Then as the business grows and evolves, its structure evolves along with it, sometimes in a haphazard way. What started as a simple family owned business can turn into a complicat...

February 11, 2020

INSIDE THIS EDITION
Changes to donation tax credits 1
Global tax 2
Purchase price allocation 3
GST on loan repayments 3
Snippets 4
Employee use of telecommunication tools and
usage 4
Tax: a brief history 4

Changes to donation tax credits

A tax credit is able to be claime...

February 11, 2020

As we enter a new decade, it is fascinating to reflect on the vast array of technological change
we have seen in the last ten years.
We’ve seen the introduction of the smartphone, the rapid growth of streaming services, the
introduction of electric scooters and the wor...

November 15, 2019

INSIDE THIS EDITION

Corporate governance for small 

businesses 1

Court case - tax avoidance arrangement 2

Generation Z – our future workforce 3

Property sales - business premises 

exclusion 3

Snippets 4

Wacky business ideas 4

Times are changing 4

Corporate governance for small b...

November 15, 2019

Family Trusts are used widely in New Zealand; often being viewed as beneficial for asset
protection and to keep assets in the family for future generations. A reason for their popularity
has been the relative simplicity of the legal and tax regime. However, the rules a...

August 6, 2019

INSIDE THIS EDITION
Saving time and cost with tax 1
Working remotely 2
Residential bright line 3
Finicky Bothersome Tiresome (FBT) 3
Snippets 4
New provisional taxpayers beware 4
US tax rules 4

Saving time and cost with tax

Various tax concessions exist that can save sig...

August 6, 2019

It is common for disagreements to arise between taxpayers and Inland Revenue on the GST
treatment of land transactions, but less common for these disputes to arise between a vendor
and purchaser. However, this was the case in a recent High Court case, Holdaway v Ellwoo...

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