FAQS
COMMON QUESTIONS ABOUT TAX POOLING
Common questions about tax pooling: what do you need to know as a New Zealand business owner, property investor, or individual navigating provisional tax obligations? You may also hear it described as IRD tax pooling, provisional tax smoothing, or tax payment flexibility solutions—all referring to the same core concept: managing your tax payments more efficiently,…
Read MoreCOMMON QUESTIONS ABOUT YOUR TAX RETURNS
COMMON QUESTIONS ABOUT YOUR TAX RETURNS. Have you got tax return questions? Great! We try to answer them. Top questions first
Read MoreARE RENTAL PROPERTY LEGAL FEES TAX-DEDUCTIBLE?
Are rental property legal fees tax-deductible? It’s something that rental property owners ask from time to time, and it regularly comes up when we are preparing annual accounts. The answer depends on why you incurred the legal cost, not simply that you paid it. Legal fees regularly arise for landlords: They appear during disputes, lease…
Read MoreI’M A NZ TAX RESIDENT WITH OVERSEAS INVESTMENT PROPERTY. DO I HAVE TO PAY NRWT? OR AIL?
NZ tax resident overseas rental property NRWT. Was that what you were looking for? Well, you’ve come to the right page. If you are wondering “I’m a NZ tax resident with overseas investment property. Do I have to pay NRWT? Or AIL?” we can help. Before we get into the recent changes (2026) to this…
Read MoreOFFSET LTC PROFITS OR LOSSES AGAINST OTHER RENTALS
Note that you can’t offset any losses against income from other sources e.g. wages, like you used to in the good old days. That is what the concept of “ring-fencing of losses” means. The losses are “ring-fenced” so that they only apply to residential rental property.
Read MorePOSITIVE GEARING VS NEGATIVE GEARING
Investing in property can be a lucrative venture, but it’s essential to understand the financial strategies involved. Two terms that frequently arise in property investment discussions are positive gearing and negative gearing. In New Zealand, these concepts play a significant role in how investors manage their real estate portfolios.
Read MoreARE THE LOSSES FROM MY RENTAL IN NZ TAX-DEDUCTIBLE IN AUSTRALIA IF I’M WORKING THERE? PART 2
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?
Read MoreCHANGING SHARES IN LTCS: CONSIDERATIONS
Let’s say that the company owes the shareholders $150,000. This is tracked in the Shareholders Current Account, and is a liability (debt) of the LTC…
Read MoreTAX RETURN FAQ
Q: Why do I need to complete a tax questionnaire every year?
A: This is basically to cover your back. It proves that we and you have all asked/answered the right questions, if anyone ever asks. Could come in handy if you are trying to prove your innocence to IRD.
WHAT CAN YOU CLAIM ON YOUR INVESTMENT PROPERTY?
What can you claim on your investment property? Investing in property can be a rewarding venture, but to maximize your returns, it’s essential to understand what expenses you can claim. Knowing your deductible costs can help reduce your taxable income, ensuring you keep more of your rental earnings. Below, we provide an overview of claimable…
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