taxes Archives

HOW IS FOREIGN-SOURCED INCOME TREATED IN SINGAPORE?

By Garreth Collard, Senior Property Accountant | April 7, 2023

Painting of a man seated in a high-rise apartment overlooking a city skyline, thinking of a New Zealand-style villa with a "For Sale" sign on a rural property — representing a Singapore-based investor considering an NZ rental property.

How is foreign-sourced income treated in Singapore? If you live and work in Singapore and own a rental property back in New Zealand, the tax position on each side of that arrangement is genuinely different. Getting it right means understanding both. 30-Second Read In New Zealand, you still need to file a tax return for…

NZ FIRE SERVICE LEVY AND YOUR LTC

By Garreth Collard, Senior Property Accountant | March 20, 2023

The NZ Fire and Emergency levy changed substantially from 1 July 2026. Find out how it's collected, and when the liability to pay falls on your company directly.

NZ FIRE SERVICE LEVY AND YOUR LTC… you might receive a letter from the New Zealand Fire Service asking you to make a Statutory Declaration.

ARE MY PERSONAL INSURANCE PREMIUMS TAX-DEDUCTIBLE?

By Garreth Collard, Senior Property Accountant | February 20, 2023

Comic illustration of a worried New Zealand man holding a note asking "Personal Insurance? Tax Deductible?". Features a map of NZ, a pie chart, and an angry kiwi bird in a top hat representing the Inland Revenue Department.

Are my personal insurance premiums tax-deductible? It’s a question we get asked constantly. The honest answer depends entirely on what kind of insurance you’re talking about. Life insurance, trauma cover, income protection, and employer-provided policies are all treated quite differently under current tax law. This guide walks through each type clearly. It also covers the…

LOST DEPOSIT RENTAL PROPERTY TAX DEDUCTIBLE NZ?

By Garreth Collard, Senior Property Accountant | February 7, 2023

“lost deposit rental property tax deductible NZ.” That’s probably what you typed into the search engine that lead you here. If so, you have come to the right article. But first: 30-Second Summary If a developer goes bust and keeps your deposit on a land-and-build deal, the short answer is: no, you can’t claim it…

IRD REQUEST FOR MORE INFORMATION

By Garreth Collard, Senior Property Accountant | January 1, 2017

IRD request for more information: no one wants to receive one of those letters. But what do they look like and what do they mean? Here are two useful pages to get a clear picture on IRD Requests for More Information. WHEN THE IRD WANTS MORE INFO! This article explains that the Inland Revenue Department…

WHEN THE IRD WANTS MORE INFO!

By Garreth Collard, Senior Property Accountant | August 23, 2016

When the IRD wants more info… what do you do? This year (2016) we’ve seen a dramatic increase in requests for information from IRD, generally, letters where they want a more detailed breakdown of expenses. We’ve also seen some more “direct” methods employed. What is this all about? FOCUS ON PROPERTY This year, as in…