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What Happens If I Make A Loss?

2/28/2023

 
That's a good question, and it depends a lot on what entity incurs the loss.  Let's break down the various types and what effect they have.

Look-Through Company (LTC)

If you are a shareholder in a Look-Through Company (LTC) and that company makes a loss, then you get to carry that loss through to your personal tax return (usually an IR3).  There are a few rules and limitations* which we won't go into at length here.

Let's assume you're a salaried employee, and so you've had PAYE deducted from your wages.  Well, at the end of the financial year a wash-up is done on your personal tax return. The above-mentioned loss is deducted from your gross (pre-tax) wages.  It might look something like this:

 $85,000 Wages 
-$  5,000 Loss from LTC which owns rental property
$   4,000 Income from personally owned rental property
- - - - - - -
$85,000  Net taxable income
-$ 1,000  Rental loss to carry forward to next financial year

We then calculate (a) how much tax you have paid, and (b) how much tax you should have paid. If (a) is more than (b) then you get a tax refund.  If the other way around, you have tax to pay.
Picture

Limited Liability Company (LLC)

Ok this situation is totally different. If the LLC makes a loss, then it can't be passed on to anyone. Not the shareholders, not the directors: no one.  

Instead, it carries that loss forward to the following financial year. If there is taxable profit, then the loss can be offset against that profit.  It might look something like this:

 $85,000 Net taxable profit
-$  5,000 Losses brought forward from previous years
- - - - - - -
$80,000  Net taxable income

If there is no profit, then you just keep carrying the losses forward, year to year.

Trust

If you have a trust it's the same as an LLC with respect to losses. They can't be distributed out to the beneficiaries. Rather, they get carried forward until there is profit to offset them against.

Partnership

A partnership works in a similar way to a Look-Through Company essentially.  Losses are distributed to each partner, according to the rules of the partnership.

Combos

Sometimes you might combine some of these structures. 

For example, a trust might own all the shares in a Look-Through Company. The LTC makes a loss.  What happens then?  In this case, the losses flow through to the Trust. They are then dealt with as explained above.

Questions

In the meantime, please contact us with any questions, or talk to your tax professional.

* From 1 April 2019, tax losses will no longer flow through from LTCs that are residential land rich.  Please contact us or call for advice on how to get the best results from your portfolio, build wealth and minimise tax

Are The Losses From My Rental in NZ Tax Deductible in Australia if I'm Working There? Part 2

6/6/2022

 
The Australian Tax Office (ATO) wrote back!  Call me pessimistic, but I didn't think we'd get a reply.  Nonetheless, a few days ago it arrived.  Here's the two questions we asked, and the response of the ATO regarding personal attribution of losses from a Look Through Company (LTC):

Question #1
Seeing as a New Zealander working in Australia is taxed on his worldwide income, does the ATO allow losses from rental property in New Zealand owned by a New Zealand LTC to be offset against personal waged income earned in Australia?


Answer
"For Australian income tax purposes, companies are unable to distribute lossees from rental properties (or other losses) to their shareholders."

In other words, No.
Puzzle solved
Question #2
Seeing as a New Zealander working in Australia is taxed on his worldwide income, does the ATO allow losses from rental property in New Zealand personally owned by said individual to be offset against personal waged income earned in Australia?
​
Answer
"If an Australian resident's overseas property tax deductions are greater than their overseas rental income, they will have a foreign tax loss. They can use their foreign income loss to reduce their Australian income."

In other words, Yes.

So, what's in it for me then?
Well, dear reader, the point is this: If you have negatively-geared rental property in New Zealand, which is personally owned i.e., not by a company, then you can claim the losses against your tax in Australia. 

How it works is this:
  1. File the relevant tax returns in New Zealand first, then
  2. Do likewise in Australia.


BUT, there is a gotcha.  This means that 
  1. You'll have to pay CGT to the Australian government when you sell the property, and
  2. Any claims would be clawed back.


So, you need to consider the long-term scenario before doing so.  We recommend you talk to an accountant who is skilled in this area first.

What about...
  • If you live or work in the UK?  See this article.
  • If you live or work in Malaysia or Singapore?  If Singapore, click here. For Malaysia, see here.

You've Got Your Finances Sorted - What About Your Kids? SquareOne Interview

2/9/2022

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So, you are all sorted, retirement plan underway, Kiwisaver, managed funds, even a bit of crypto... but wait? Schools aren't set up to teach financial literacy, so how and when should you do that? Is there a better way than just giving the kids pocket money and telling them "spend it wisely"? (Yes) Do you want your kids to be great with money? (yes) We chat to a couple of Kiwi dads (Jamie and Jovan) about the free app SquareOne, curated right here in lil' ole' NZ to help parents teach their kids about financial literacy and wellbeing. 
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GOVERNMENT RENTAL PROPERTY TAX CHANGES - UPDATED

6/18/2021

 

WEBINAR:

SUMMARY OF CHANGES

Changes announced in April 2021 by the government: 
  • ​Bright-line test increased to 10 years (except for new-builds, which remain at 5 years); more info here
  • amending the "main home" exemption which would require tax to be paid on gains
    made for periods the property is not used as the owner’s main home (a "change of use" rule).
  • not allowing property owners to claim interest on loans used for residential properties as an expense against their income from those properties. This will start from 1 October 2021, and will be phased in over 4 years for existing properties. There will be an exemption for newly built homes. More info here
  • Ring-fencing rules applied to short-stay accommodation e.g Airbnb
​Note that this law is very much "being made up as they go along" so lots of things are unknown, or not even decided on yet.

HOW DOES THIS AFFECT ME?

At present, when you receive rents, you can offset expenses against that rental income to reduce the taxable profit.  A big part of this is interest paid on the rental mortgage/s.

If the expenses are more than the income (a "loss"), the Ring Fencing laws mean the loss can't offset non-rental income, and the loss instead is carried forward to the next year. If you have two or more rentals, the loss from one property can offset the profit from another (depending on how your affairs are structured).

However, under these new laws, the interest deduction will (over 4 years) be reduced, then finally removed.  Rental properties will make more profit, and for almost everyone: there will be a lot of tax to pay.

And of course, if you can't claim the expenses on interest, but still have to pay it... where does the money come from? You have to raise the rent.

WHAT SHOULD I DO?

  1. Don't panic! Most investors have losses from FY20 and FY21, which can be carried forward to offset future income. This would defer the tax impact for a couple of years, giving you time to make changes.
  2. Consider selling your existing rental and getting a "new build property." According to the Labour Party website, "If you invest in a new build property, you will be exempt from changes to the bright-line test and interest deductibility policy."
  3. Look at your budget. Expect that around March 2023 you will have 25% more to pay, then 50% more the following year, then 75% more, then 100% more for the period starting April 2025. You might end up being a provisional tax payer in a couple of years time.
  4. Look at raising the rents to help offset the reduction in interest expense that you can claim.
  5. Consider selling heavily-debt laden properties. Look for something more cash-flow neutral or positive. Check with us first to make sure you are not caught by the various tax laws.
  6. Check whether it is time for a restructure e.g. a change of shareholdings or sale or properties to a new entity etc: contact us. Just be aware that if something is done primarily for tax benefits, it is viewed by IRD as tax avoidance. Also be aware that in some cases, a restructure can restart Brightline. Note however that the new proposed laws are also offering "roll-over" relief ie where you restructure into an entity with the same ownership, it is not viewed as a restart of the Brightline test.
  7. Worth looking into commercial property, as it is not subject to these new rules.
  8. Mixed commercial ie commercial with a flat, may be worth looking into as well; you would likely not be able to claim interest on the accommodation portion but could on the commercial portion, so would need to "do the numbers" to see if it adds up.
  9. Also definitely worth getting into short-stay accommodation, because it is not subject to these interest deduction limitations if a Mixed Use Asset - see this link for more info. (Talk to StayHub about how it could work; contact us to discuss your property/ies)
  10. Talk to your financial advisor about boardinghouse accommodation e.g. near large hospitals and the universities, there is a demand for this.

FAQ

Q: So what can I claim?
A: You can claim all the usual costs e.g. property management, repairs & maintenance, rates, insurance, legal etc. Re interest: It depends on timing. The following chart shows how much you can claim, depending on when you "acquired" the property:
Interest % claim by year
Q: How do I work out the tax impact?
A: The calculator below will help you work out the taxable income. The exact tax depends on many things e.g. owned personally or via a trust or LTC? How much wages you receive etc etc.​ Note that this calculator assumes you already own/have "acquired" the investment property/ies.
interest-deduction-calculator.xls
File Size: 52 kb
File Type: xls
Download File

Q: My rental was a new build. Does it still qualify as a new build under these laws?
A: Probably not. 

Q: Is short-stay accommodation caught by the new interest deductibility limitations?
A: It would appear that mixed-use-assets (MUAs) - which are holiday homes partly used personally and which are vacant for at least 62 days in a year - are not caught by these new rules, but IRD specify this (at 2.33) "the Government considers it important that where a residential property could be used to provide long-term rental accommodation, the income tax treatment is the same whether the property is used to provide long-term rental accommodation or short-stay accommodation. Any income tax advantage provided for properties used for short-stay accommodation could reduce effective housing supply." In other words, it would seem that yes, it is caught. Just remember that this is all "draft" at this stage, so not actual law.

Q: When did I "acquire" my rental property?
A: For tax purposes, a property is generally acquired on the date a binding sale and purchase agreement is entered into (even if some conditions still need to be met). More info here. Note that for the purposes of the changes outlined here, a property acquired on or after 27 March 2021 will be treated as having been acquired before 27 March 2021, if the purchase was the result of an offer the purchaser made on or before 23 March 2021 that cannot be withdrawn before 27 March 2021.
​
Q: My property sale will be taxable due to the Bright-Line Test (BLT).  Can I claim the interest costs in that scenario?
A: No one knows. IRD say "The Government will consult on the detail of these proposals. Consultation will cover an exemption for new builds acquired as a residential investment property, and whether all people who are taxed on the sale of a property (for example under the bright-line tests) should be able to deduct their interest expense at the time of the sale."

Q: How do the "main home" changes work?
A: Actually, it reminds us a bit of how CGT works in Aussie. There is a great explanation at Stuff together with an example.  (Thanks Stuff.co.nz!)

Is selling your home taxable?

4/29/2021

 
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Is selling your home taxable?, Or in other words, do you have to pay tax when selling your home?

Buying and selling your private or family home typically is not taxable. However some are looking to purchase a family home with the intention of reselling it in time, and a few earn their income this way – buying and selling.

If you have established a pattern of purchasing and then selling your “family home,” this could be considered as property speculation or dealing for tax purposes.

So, how do you know whether you are considered a property speculator, dealer or wheer you are an investor? 
  • What was your intention when you bought the property?
  • What pattern have you established in terms of property transactions?
  • Are you (and if so, how) associated with a developer, builder or property dealer?
  • Will the Bright-line Test* apply?
  • Will you be affected by rezoning?

​How do you know if selling your home will be taxable?  Think carefully about the answers to these five questions.

QUESTIONS

Q. Ok, so I just have to hold onto a property for a really long time and then I’m not considered a dealer?
A. No.  The amount of time you hold the property is immaterial.  It’s your 
intention at the time of acquisition.If you bought a property with the intention of reselling it, then any capital gain that you make on the sale taxable.

Q. Right-o.  So, is there some sort of level?  That is, my first couple of properties are tax-free and then I pay tax after that?
A. Ahhh… no.  Again, it’s intention, patterns and associations – not numbers of properties sold.

Q. What period of Brightline Test applies to my house?

​A. The bright-line property rule looks at whether the property was acquired:
  • on or after 27 March 2021, and sold within the 10-year bright-line period
  • between 29 March 2018 and 26 March 2021, and sold within the 5-year bright-line period
  • between 1 October 2015 and 28 March 2018, and sold within the 2-year bright-line period.
Please note that the government has indicated that new builds will continue to be subject to a 5 year bright-line period. Before this can be legislated, what is considered a 'new build’ is still to be consulted on. The Government intends for the legislation to be retrospective so that new builds acquired on or after 27 March 2021 will continue to be subject to a 5-year bright-line period. More info here

Q. What about sub-dividing? Is that taxable?
A. That's a big subject. Contact us.

Q. Great.  It looks like I might have to pay tax then.  How do I figure that out?
A. Contact us.

* For more info see this link at Inland Revenue

Rental Property: What Records Do You Need To Keep?

9/16/2020

 
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What records do you need to keep for your rental* property? Here is a general guide. Note that this list assumes you are using a property manager.  All costs are for the 12 months preceding 31 March:


​
RENTAL PROPERTY
  • Copy of Sale & Purchase Agreement (if 1st year)
  • Total Rent Received
  • Insurances, e.g. Landlord Protection, Mortgage Protection, House
  • Legal fees
  • Property Management fees (if applicable)
  • Rates – water and Council
  • Maintenance, including any purchases e.g. heat-pump
  • Rubbish collection (if you are paying for it)
  • Property improvements (detailed invoices please)
  • Any other fees or charges
  • Sale and purchase agreement
  • Valuation/s

HOME OFFICE
In our view, Home Office expenses can be claimed if you have rental property; however, as it is generally passive income (unless you are managing the properties yourself) we recommend a conservative claim, as follows:

  • Telephone – please separate out the costs of line rental, internet and tolls
  • Mobile phone costs
  • Stationery, e.g., printer ink, pens, paper etc
  • Visits to the rental property - please record the date of each trip you make to your rental property to check on it.
  • Any existing (if not claimed before) or new business related expenses e.g., computer, cell phone, iPad etc. Include make, model, date and cost
  • Any “home office” improvements (if in doubt, please keep records and we can verify these at year end)

MORTGAGE/S INFORMATION
For the rental property:
  • Full bank statements for the 12 months ending 31 March
  • Applicable interest rate
  • Balance remaining on mortgages as at 31 March
  • Any fees charged


If you'd like a downloadable copy, please see below.

Why keep good records? The better your records, the more expenses can be legitimately claimed, and the better the tax result is for you.  

records_you_need_to_supply_and_keep.pdf
File Size: 358 kb
File Type: pdf
Download File


* For guidelines on Business Expenses (non-rental property) please see this page.

​
Other FAQs you might have:
USING ACCOUNTANCYONLINE.CO.NZ/MY TAX QUESTIONNAIRE
HOW DO I DOWNLOAD TRANSACTIONS FROM MY BANK'S ONLINE INTERNET BANKING?
WHAT IS XERO.COM?
WHAT'S THE PROCESS FOR MY TAX RETURNS?

The IRD provides a guide here under the heading "Deductions You Can and Can't Claim." 
Please remember, all advice given is to be taken in the light of our  disclaimer. Image courtesy of patpitchaya at FreeDigitalPhotos.net

CAN I CLAIM MY HOLIDAY AS A RENTAL EXPENSE?

9/7/2020

 
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You have a rental property. Can you claim your holiday as an expense? If you spend time travelling as part of your business you can claim business travel as an expense. A good way to prove the business portion of your travel expenses is by keeping a diary of your travels.

In addition to keeping invoices, receipts and tickets you should also keep details of:
  • the date of the trip
  • your itinerary
  • the cost of car hire, and air, bus and taxi fares
  • the cost of accommodation, meals and incidentals
  • the time spent on business and non-business activities
  • letters of introduction
  • business contacts/cards
  • firms visited
  • business conducted/reasons for the trip/visit to firm

So how does the rental pay for my holiday?  
Well, the first thing is to remember that there is no such thing as a free lunch - or a free trip - unless you win a competition or have a wealthy benefactor!  However, there are such things as a tax-deductible trip, if not 100%, at least in part.

If you'd like to claim your holiday as a tax-deductible expense, then you need to
  1. be visiting your rental property which is in your holiday destination on on the way to it
  2. pre-plan all business activities related to it, i.e. set up your business appointments, e.g. real estate agents, insurance brokers, accountants, lawyers etc, before you go on your trip.  That makes it really clear why you are going.  Plus, keep records as per the list above.

Then, your LTC/trust/partnership etc can claim tax deductions for some or all of the trip and other necessary expenses: hotels, car, meals, travel etc. Note however that there are some gotchas:

That leather jacket is not tax-deductible
Let's say you are in Queenstown, and you see a nice leather jacket.  So, you buy it.  The trip is 100% tax-deductible, because it meets all the criteria above.  Can you claim the leather jacket?  No.  The guideline is "what is the nexus between this expense and the business activity?"  If there is no clear link or nexus, then the item is not tax-deductible. In this case, what does a leather jacket have to do with your rental property?  Nothing.  So it is clearly not tax-deductible. 

Don't go overboard with your expenses.  
Always remember that tax concessions allowed are based on what the hypothetical "reasonable" person would do.  A reasonable person would not eat out at the swankiest restaurant every night they were away.  They might do that once, but not every night.  So, don't get carried away.

Non-business parts of the trip are not deductible
Let's say that you arrive in another part of the country to inspect your rental property, meet with suppliers and possibly purchase another rental. You have a few days' worth of appointments set up, but you have planned to also take a few days to rest up as well.  The total trip is 10 days, with 3 days' business pre-planned, and the rest being vacation.  Therefore, you cannot claim the entire trip as a business expense. Instead, work out the proportion related to business (30%, in this example), and claim that percentage of the costs.

Can we claim for both of us then and the kids too?
Highly unlikely. Your children are likely not active working partners of your LTC etc, so you would have to make further adjustments to exclude costs related to their stay.  What about your spouse or partner?  Well, is your significant other a part of the business, e.g. a director of the company? A trustee of the trust (that owns the rental)? Are they actively involved in the taxable activities of the LTC? Is the firm/professional you are meeting at your destination expecting to meet both of you? Then likely yes you can claim.

Questions?  Please feel free to contact us.  And for clients, before you go away, please please please contact us. 


See also: what the IRD say. Image courtesy of photostock at FreeDigitalPhotos.net

WHAT BUSINESS EXPENSES ARE TAX-DEDUCTIBLE?

6/21/2020

 
What business expenses can you deduct in your income tax return? It depends on your business structure, but includes things such as:
  • ACC levies
  • accounting fees
  • bank charges
  • contractor costs
  • depreciation (wear and tear)
  • entertainment (be careful!)
  • home office expenses
  • lease or rental costs
  • legal fees
  • motor vehicle expenses e.g. WOF, registration, repairs, insurance, FBT
  • purchases (for business purposes e.g. stock, materials)
  • travel e.g. fuel, parking, business travel
  • stationery, printing and office costs
  • software e.g. Xero, MYOB
  • telephone and internet
This is not an exhaustive list, but you get the idea.  It's good to check out the resources here and if you are not sure if something can be claimed, or what percentage can be claimed, ask your accountant or contact us.

COVID-19 BUSINESS & TAX SUPPORT

4/15/2020

 
In addition to the measures announced (see this article and this article), the government recently announced several new measures (this article was updated 22/05/20:
  • a tax loss carry-back scheme.  
  • business tax loss continuity rules relaxed; see this page for more info. Rules to be clarified later this year
  • greater flexibility /discretion for IRD if businesses can't meet tax obligations*
  • business debt hibernation - click here for instructions and info
Picture
TAX LOSS CARRY-BACK SCHEME
IRD say "Businesses expecting to make a loss in either the 2019/20 year or the 2020/21 year would be able to estimate the loss and use it to offset profits in the past year. In other words, they could carry the loss back one year. This change means we could refund some or all the tax already paid for the year they were in profit. It means firms could cash out all or some of their losses in 2019/20 or 2020/21. Without this change, firms would have to carry forward any loss to a year when they make a profit."

Points to note:
  • The loss carry back rules apply to ALL businesses whether trading individually or through a company.
  • You will be able to estimate your 19/20 (FY20) financial year provisional tax to NIL based on estimated 20/21 (FY21)  financial year losses. 
  • IRD will update their systems to allow the provisional tax already paid at 28 August and 15 January to be refunded.
  • You don't have to wait until FY21 accounts are finalised to access the losses.
  • If you think there's going to be a loss for this year, let us know and we will include a reasonable estimate of that in the FY20 calculations.
  • You do not need to rush to re-estimate your provisional tax before 7 May. Part of the proposed law change would make it possible for you to re-estimate it after the date of the final instalment. This will give you more time to work out any estimated loss for the 2020/21 income year. 
  • Just be aware that if you get it wrong, use of money interest will still apply; we are told a new rate will be announced soon.

Some caveats: 
​
If you are unable to pay this tax on time because of the effect of COVID-19 on your business, IRD expect that you will pay this tax as soon as practicable. In such cases our recommendation is that you contact IRD now to let them know you can’t pay the tax on time and negotiate a payment plan.  That will typically be an arrangement to pay the tax over a number of months (or fortnightly or even weekly), and possibly with a deferred payment start date.  As part of that process, although this is not specifically mentioned on the IRD website, a pre-requisite may be that you have applied to your bank for some help under the business finance support package underwritten by Government. The advantage of talking to IRD as soon as possible is that you will most likely qualify for remission of late payment penalties and interest.

If you would like us to talk to IRD on your behalf, please let us know at your convenience.  We will then contact you to discuss the best approach, and whether or not to use this or tax pooling.



* IRD can remit Use of Money Interest (UOMI) and penalties; criteria are:
  • tax is due on or after 14 February 2020, and
  • the taxpayer’s ability to pay by the due date, either physically or financially, has been significantly adversely affected by COVID-19.
The IRD Commissioner may exercise her discretion to remit the interest if the taxpayer has contacted the Commissioner as soon as practicable to request relief and has paid the outstanding tax as soon as practicable - right up until 25 March 2022.

To prove you've been "significantly affected", you'll likely need to provide at least three months’ banks statements and/or credit card statements, a list of aged creditors and debtors and probably profit and loss statements and/or balance sheet from your business.

Alternatively, you might also be able to apply to
  • pay the tax via installment (possibly with a deferred payment start date);
  • have IRD partially or fully write-off the debt due to serious hardship, with payment of the remaining tax by installment or a lump sum;
  • allow a partial payment, and write-off the balance.
You would need to provide similar proof, as mentioned above.

What's the Process for my Tax Returns?

1/15/2018

 

SIMPLIFIED VERSION

Here are the main steps involved, and an approx. % showing how far through we are at each point. The chart starts at the bottom, and the top is 100%, tax returns filed and assessed by IRD!
Picture

DETAILED VERSION

Picture
Here is a detailed description of each part of the process

  1. First, we email you a link to the online tax questionnaire. We ask you to complete this within 7 days of receipt.
  2. We send you an invoice via Xero.com for 50% of the job. (Some small jobs are billed 100% up-front).
  3. We'll then send you a copy of your completed questionnaire, along with a checklist and further instructions
  4. You then either email your info to mytaxinfo@epsomtax.com or send it via courier (let us know and we'll send you a bag to return to us. You just call the courier on their toll free number, and they collect it from wherever you tell them to).  Once we receive your info, we then scan it and courier it back to you after the tax returns are filed.
  5. ​By now, it's the first of the month, you've sent us all of your info, and we then copy this to secure online storage.
  6. We start coding your info up to trial balance stage; the second 50% invoice is issued, usually a 14-day account.
  7. Financial statements are compiled.
  8. A checker reviews the draft financial statements and any adjustments made. 
  9. Drafts are then sent to you for review (see how to understand your financial statements), adjustments made, and then we send you the final version of the financial statements. 
  10. Next, tax returns are queued to be filed online with Inland Revenue and checked again by the filing and checking team.
  11. We send you a copy of these returns for your records and for you to sign and return back to us.
  12. IRD processes the returns.
  13. About a month later, we process the donation tax credit forms.

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​

Timeframes - How Long Does It Take?

As a rough guide, from the date of invoice issuance to you having the draft financial statements in your hands, we aim for 6 weeks, subject to this disclaimer: these timeframes are indicative only and at peak times of the year e.g. May-October, it will often take longer (like 8-9 weeks)
Before Processing Starts
  • 2-3 weeks before - tax questionnaires sent out via email
  • 1 week before - 1st invoice sent out via email

Processing Month
We'll advise you in February or March via email when this is.
  • 1st of the month - all data should be provided by you by this date; processing starts
  • 3-4 weeks later - work completed to draft stage; second invoice issued
  • 7 working days later - 2nd invoice paid, draft financial statements sent to you for review
  • 7 working days later - changes made as required, confirmation received from you to file with IRD
  • 1-2 weeks later - tax returns filed
  • 1-12 weeks later - IRD processes returns.

We trust this helps take some of the mystery out of the process. Please contact us with any questions!

Other FAQs you might have:
RENTAL PROPERTY: WHAT RECORDS DO YOU NEED TO KEEP?
USING ACCOUNTANCYONLINE.CO.NZ/MY TAX QUESTIONNAIRE
HOW DO I DOWNLOAD TRANSACTIONS FROM MY BANK'S ONLINE INTERNET BANKING?
WHAT IS XERO.COM?
COMMON QUESTIONS ABOUT YOUR TAX RETURNS
COMMON QUESTIONS ABOUT YOUR FINANCIAL STATEMENTS
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    Garreth Collard

    Accounting for your rental residential investment property; specialised property tax advice.  Buy me a coffee! 

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