EPSOMTAX.COM – Property Accountants, Auckland

ARE REPAIRS TO MY RENTAL PROPERTY TAX DEDUCTIBLE?

Garreth Collard, Senior Property Accountant — Thu, 06 Aug 2026 17:49:26 +0000

Are repairs to my rental property tax deductible? It’s a question nearly every landlord asks at some point – usually right after a tenant calls about a leaking roof or a rotten deck. The honest answer has always been “it depends,” but Inland Revenue has just made it a lot clearer exactly what it depends…

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ARE SHARES TAXABLE INCOME?

Garreth Collard, Senior Property Accountant — Tue, 28 Jul 2026 19:02:14 +0000

Are shares taxable income? It’s something that many New Zealand investors ask The answer depends on how you acquired the shares, what income the shares produce, and why you hold them. A common misconception is that every gain from shares is taxable. New Zealand does not have a comprehensive capital gains tax. However, some share-related…

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CAN YOU RENT INVESTMENT PROPERTY TO YOUR FAMILY?

Garreth Collard, Senior Property Accountant — Mon, 20 Jul 2026 03:27:17 +0000

Can you rent investment property to your family? Helping a child save for a house deposit. Supporting elderly parents. Giving a sibling an affordable place to live. These are all common reasons why property owners consider renting a residential investment property to a family member. At first glance, it seems like a win-win arrangement. Your…

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WHEN CAN LAND SALES BE TAXED AS A PROFIT-MAKING SCHEME?

Garreth Collard, Senior Property Accountant — Tue, 07 Jul 2026 04:58:41 +0000

When can land sales be taxed? ie as a profit-making scheme? Inland Revenue has released a draft interpretation statement, PUB00519, that revisits an issue which has been debated by tax advisors, property investors, developers, and Inland Revenue itself for decades. And it is potentially a huge shift in IRD thinking. At the heart of the…

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MOTOR VEHICLE FBT CHANGES

Garreth Collard, Senior Property Accountant — Mon, 29 Jun 2026 04:33:40 +0000

Motor vehicle FBT changes you say? Yes. The New Zealand Government has confirmed the most significant overhaul of the motor vehicle Fringe Benefit Tax (FBT) rules in decades. From 1 April 2027, employers will no longer calculate FBT primarily by counting the days a vehicle is available for private use. Instead, they will classify vehicles…

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COMMON QUESTIONS ABOUT TAX POOLING

Garreth Collard, Senior Property Accountant — Sat, 20 Jun 2026 02:07:28 +0000

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,…

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NEW BUILD VS EXISTING PROPERTY VS LAND & BUILD

Garreth Collard, Senior Property Accountant — Sun, 07 Jun 2026 02:12:42 +0000

New build vs existing property vs land & build: what is the right investment strategy? Property investment decisions rarely come down to a single “right” answer. One of the most common questions we get is whether it’s better to buy an existing property, purchase a new build, or go through the process of buying land…

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THE DANGERS OF USING AI TO DO YOUR TAX RETURN

Garreth Collard, Senior Property Accountant — Fri, 29 May 2026 03:00:52 +0000

The dangers of using AI to do your tax return? What dangers? Well…. We all know that artificial intelligence has become remarkably accessible. Today, anyone can ask ChatGPT, Gemini, Copilot, Claude, or another AI tool a tax question and receive an instant answer that appears authoritative and well researched. That convenience creates a real danger.…

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FAMILY TRUSTS NZ: BASIC CONCEPTS

Garreth Collard, Senior Property Accountant — Wed, 20 May 2026 05:37:08 +0000

Family trusts NZ basic concepts: Family trusts are one of the most commonly used legal structures in New Zealand—but also one of the most misunderstood. Many people hear about trusts from their lawyer or accountant and assume they provide automatic asset protection or tax advantages. Others set them up but don’t fully understand how they work,…

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COMPANY VS SOLE TRADER

Garreth Collard, Senior Property Accountant — Thu, 07 May 2026 02:46:37 +0000

Company vs Sole Trader: Which structure is right for your business? When you start a business in New Zealand, one of the first and most important decisions you’ll make is choosing the right structure. The most common options are operating as a Company vs Sole Trader. At first glance, the decision might seem straightforward. But…

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