technical Archives

PROPERTY IN THAILAND: NZ TAX OBLIGATIONS

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

Thinking about buying an apartment or villa in Thailand, but not sure how Inland Revenue would view it? This guide has been updated (2026) to reflect the latest rules, and covers both sides of the equation. That is, 1/ your New Zealand tax obligations as the owner, and 2/ what’s actually changed in Thailand’s…

WHAT BUSINESS EXPENSES ARE TAX-DEDUCTIBLE?

By Garreth Collard, Senior Property Accountant | June 20, 2020

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 […]

LTCS VS QCS AND LAQCS

By Garreth Collard, Senior Property Accountant | June 7, 2018

a man in NZ is thinking about which structure to use for his rental property, perhaps an LTC

LTCS VS QCS AND LAQCS. Unlike the LAQC rules, shareholders of an LTC are liable for tax upon the company’s profit, as well as being able to offset the company’s losses against their other income.