law changes Archives - EPSOMTAX.COM - Property Accountants, Auckland

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(opens in new tab), 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…

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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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DeFi & CRYPTO TAX IN NZ: WHAT YOU NEED TO KNOW ABOUT IRD’s NEW GUIDANCE

Garreth Collard, Senior Property Accountant — Fri, 20 Feb 2026 00:53:50 +0000

DeFi & Crypto tax in NZ: What you need to know about IRD’s new guidance. New guidance you say? Yes, Inland Revenue has released a new issues paper in February 2026. It applies to anyone using crypto in DeFi – including wrapping, bridging, lending, borrowing, or staking. This paper sets out IRD initial views on…

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RESIDENTIAL TENANCIES LAW CHANGES EFFECT ON LANDLORDS

Garreth Collard, Senior Property Accountant — Fri, 19 Dec 2025 16:50:11 +0000

Residential Tenancies Law Changes: Effect on Landlords. Have you been wondering about this? Here is a recap of what happened in 2020; scroll down for the latest version of the ever-changing tenancy laws The Residential Tenancies laws have changed. What effect does the “Healthy Homes Act” have on landlords? The Residential Tenancies Amendment Act…

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RESIDENTIAL PROPERTY TAX IN NEW ZEALAND: WHICH RULES APPLY (AND WHEN)?

Garreth Collard, Senior Property Accountant — Sun, 07 Dec 2025 04:14:46 +0000

Residential property tax in New Zealand: Which rules apply? (and when)? That is the big question. If you own, rent, or occasionally use a residential property in New Zealand, your deductions and potential tax on sale depend on how you use the property in each income year. That sounds simple—until you confront overlapping frameworks like…

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OFFSET LTC PROFITS OR LOSSES AGAINST OTHER RENTALS

Garreth Collard, Senior Property Accountant — Fri, 19 Sep 2025 16:19:07 +0000

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.

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FAMILY TRUST ACCOUNTING – WHAT DO I NEED TO DO?

Garreth Collard, Senior Property Accountant — Wed, 20 Aug 2025 03:50:12 +0000

Family trust accounting – what do I need to do? This could quite possibly be a question which you have never thought much about before. But given the trust tax law changes of recent years, it may now be on your radar. (In fact, in 2026 it should be on your radar!) 30-SECOND OVERVIEW Family trusts…

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WHAT DOES THE 2025 INVESTMENT BOOST MEAN FOR BUSINESS?

Garreth Collard, Senior Property Accountant — Fri, 06 Jun 2025 22:14:06 +0000

What does the 2025 investment boost mean for business? Property investors and business owners have been wondering about this since the 2025 Budget introduced one of the most substantial support measures for businesses in recent years—the “Investment Boost.” If you are an investor and/or own a business and are considering buying new assets like equipment,…

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WHAT TRUST TAX CHANGES MEAN FOR MY FAMILY TRUST

Garreth Collard, Senior Property Accountant — Tue, 20 May 2025 05:38:44 +0000

What trust tax changes mean for my family: Is that something you have been wondering about? “Lately, I’ve been hearing a lot about rising taxes on trusts and the growing wealth gap between generations. Like many families, we’ve worked hard to build up some assets — a home, maybe a rental or two, a business…

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REPAIRS TO NEWLY ACQUIRED ASSETS: WHAT’S TAX DEDUCTIBLE?

Garreth Collard, Senior Property Accountant — Wed, 07 May 2025 03:34:18 +0000

Repairs to newly acquired assets: what’s tax deductible? When acquiring an asset – including rental property – it’s common to incur repair costs to bring it up to a usable standard. But can those costs be claimed? The Inland Revenue Department (IRD) has released updated guidance on the subject, including a “Question We’ve Been Asked”…

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