Are you ready for the combined impact of the property tax changes and the IRD’s new focus on enforcing compliance?
The IRD will shortly have a war chest totalling $62 million to spend on property tax compliance activities over the next five years. Those compliance activities will include policing the new investor rules on IRD numbers, compulsory New Zealand bank accounts and the new “bright line” test to supplement the current “intentions” test. And as always, there are exemptions to make life complex.
Further, there have been tax changes such as compulsory zero rating of land for GST, and to lease inducements.
We assist an extensive list of property investor clients with:
Audit, accounting and tax compliance
- Specialist GST, Property Tax and Income Tax advice
- Economic forecasting and modelling
- Risk management
- Business strategy
- Capital raising
For further information please contact us.