INSIDE THIS EDITION You versus your Trust 1 GST and land sales 2 When is a gift not a donation? 3 Winding up a company 3 Snippets 4 GST on low value imported goods 4 Sugar Taxes 4 You versus your Trust It is common from a layman’s perspective to not appreciate the relevance of treating separate legal entities as separate. Where expenditure is incurred to derive income, it is typically deductible for income tax purposes to the person that derived the income. Documentary evidence should be held that reflects this connection to ensure the expenditure comprises an allowable deduction. The High Court recently considered this issue in the decision of Wong v Commissioner of Inland Revenue (2018).
As the festive season becomes nothing more than a distant memory, those of us lucky enough to have enjoyed some time off have been hit with the reality of returning to work. If you find your employees are feeling a bit blue following the end of the holiday season, rest assured you are not alone! Some employees may return to work more exhausted than ever as their bodies and minds struggle to adapt back to their normal routine. Days of sleeping in and staying up late wreaks havoc on people’s body clocks, leaving many feeling sluggish and tired once returning to work. Scientists have indicated that straying from your normal routine and sleep schedule can cause what has been termed ‘socia
