technical Archives - 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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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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COMMON QUESTIONS ABOUT YOUR TAX RETURNS

Garreth Collard, Senior Property Accountant — Wed, 29 Apr 2026 02:12:39 +0000

COMMON QUESTIONS ABOUT YOUR TAX RETURNS. Have you got tax return questions? Great! We try to answer them. Top questions first

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TAX TRAPS IN NEW ZEALAND LAND TRANSACTIONS

Garreth Collard, Senior Property Accountant — Mon, 06 Oct 2025 20:28:01 +0000

Tax traps in New Zealand land transactions: is that a thing? Yes. New Zealand’s Inland Revenue Department (IRD) has significantly sharpened its tools for detecting taxable land transactions. With the integration of artificial intelligence (AI) into its systems, the IRD now has unprecedented capabilities to identify patterns, flag anomalies, and enforce tax compliance more rigorously…

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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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TRUST VS LTC FOR RESIDENTIAL INVESTMENT PROPERTY

Garreth Collard, Senior Property Accountant — Mon, 12 Jun 2023 16:24:00 +0000

Trust vs LTC for residential investment property – which is better?

Well, it depends if the property is negatively or positively geared, i.e., does it make a loss or a profit.

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DEPRECIATION OF CHATTELS IN YOUR RENTAL INVESTMENT PROPERTY

Garreth Collard, Senior Property Accountant — Mon, 07 Mar 2022 02:55:00 +0000

DEPRECIATION OF CHATTELS IN YOUR RENTAL PROPERTY. Depreciation of Chattels: what is depreciable? what is not?

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WHAT BUSINESS EXPENSES ARE TAX-DEDUCTIBLE?

Garreth Collard, Senior Property Accountant — Sat, 20 Jun 2020 12:00:00 +0000

What business expenses can you deduct in your income tax return? It depends on your business structure, but includes things such as:ACC leviesaccounting feesbank chargescontractor costsdepreciation (wear and tear)entertainment (be careful!)home office expenseslease or rental costslegal feesmotor vehicle expenses e.g. WOF, registration, repairs, insurance, FBTpurchases (for business purposes e.g. stock, materials)travel e.g. fuel, parking, business travelstationery, printing and office costs [...]

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CHANGES TO FINANCIAL REPORTING REQUIREMENTS FOR SMES

Garreth Collard, Senior Property Accountant — Thu, 20 Feb 2014 04:20:33 +0000

ou might have heard of the Financial Reporting Act 2013 and the Financial Reporting (Amendments to Other Enactments) Act 2013. Maybe not. Anyway, changes which took effect on 1 April 2014 mean that entities that do not meet the large entity definition will no longer be required to prepare financial statements in accordance with NZ GAAP.

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