Posts Tagged ‘tax’
ARE SHARES TAXABLE INCOME?
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…
Read MoreCOMMON 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 MoreTHE DANGERS OF USING AI TO DO YOUR TAX RETURN
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.…
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 MoreCAN YOU DEDUCT HOLDING COSTS ON PRIVATELY USED PROPERTY THAT IS TAXED ON SALE?
Can you deduct holding costs on privately used property that is taxed on sale? That’s a good question. An example might be where you sold your property, perhaps a holiday home. It is caught by the Brightline Test (currently 2 years) and so the profit from the sale is taxable. You incurred some “holding costs”…
Read MoreDEPRECIATION CLAWBACK AND YOUR RENTAL PROPERTY
When a property is sold, ideally you should get a proper valuation done (see here for more info). Work out the difference between their current value and their book value and that will give you the figure that is either clawed back or deducted
Read MoreDeFi & CRYPTO TAX IN NZ: WHAT YOU NEED TO KNOW ABOUT IRD’s NEW GUIDANCE
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…
Read MoreIS SELLING YOUR HOME TAXABLE?
Is selling your home taxable? Selling your home is often one of the biggest financial events in your life. For many New Zealanders, there’s a deeply held belief that “we don’t have capital gains tax”, so any profit made when selling a house must be tax‑free. That belief is partly true – and partly dangerous. New…
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…
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