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I LOST MY DEPOSIT ON MY RENTAL LAND & BUILD – CAN I CLAIM THAT AS A BAD DEBT?
Let’s make sure we have the scenario and question clear first. The scenario is that you’ve paid a deposit to a company on some land, and they’ll build you a house as part of that deal. The company goes bust and you won’t get your deposit back. (Yes, it happens. All investment has a certain amount…
Read MoreRENTAL INCOME – IRD VIDEO
If you’re renting out any accommodation, like a house, or a room, you’ll probably need to pay tax on that income. Find out what you need to do in this helpful wee vid from Inland Revenue
Read MoreHOW DOES MONEY WORK?
Check out this cutesy video from the Reserve Bank. It’s not bad.
Read MoreOWNING PROPERTY IN THAILAND AND YOUR NEW ZEALAND TAX OBLIGATIONS
So, you wanna buy an apartment in Thailand, but you’re not sure how Inland Revenue would view it? Firstly, if you are a resident of New Zealand for tax purposes, you will be taxed in New Zealand on all of your “worldwide income”. This is income derived from New Zealand as well as income…
Read MoreANTI-VIRUS: WHICH PRODUCT SHOULD YOU CHOOSE?
Why talk about antivirus? Well, how do you check your bank balances, communicate with your financial advisor, lawyer, accountant etc? Probably via email and using the web, a lot of the time. Perhaps you pick up your tablet or sit down in front of your laptop and send and receive and view all sorts of…
Read MoreARE MY PERSONAL INSURANCE PREMIUMS TAX-DEDUCTIBLE?
It’s a good question. Here’s the expert opinion of John Brown, LL.B, Dip Fin Pl: Purpose Business insurance can be arranged so that business loans can be reduced or repaid not only on the death, or total disablement of the business owner, but also on the owner experiencing a critical illness or trauma, like a heart attack,…
Read MoreINTRODUCTION TO RECORD KEEPING FOR BUSINESS
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Read MoreCOMMON RENTAL OWNERSHIP STRUCTURES [VIDEO]
See this insightful 3-minute video presentation by Garreth Collard, Principal of EpsomTax.com in which he explains the nuts and bolts of the most common rental ownership structures to APIA members. Click here for a copy of the handout being used at the presentation. Disclosures: EpsomTax.com does not claim endorsement by APIA. Garreth Collard was invited to speak to…
Read MoreHOW TO MAKE A COMPLAINT
It is our aim to provide you with premium customer service. Yes, sadly we don’t get it right 100% of the time. So, here is our complaints procedure: That’s it. We try and make it as easy as possible for you to complain. Thanks in advance! FEEDBACK – GENERAL If you would like to give…
Read MoreHOW IS FOREIGN-SOURCED INCOME TREATED IN MALAYSIA?
We contacted the Inland Revenue Board of Malaysia (IRBM) with this scenario and these questions: “Let’s say I live and work in Malaysia, but I own a rental property in New Zealand. A tax return will be filed for this property with the Inland Revenue Department of New Zealand. My questions are: If this property generates losses,…
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