Tag Archives: IRD

Residential Land Withholding Tax

Posted on July 6, 2016 by Ivan McIntosh

From 1 July 2016 we lawyers have been chosen for the honour, by the grace of her Majesty’s New Zealand Government, of becoming unpaid tax collectors for the Inland Revenue Department, whether we like it or not. From that date … Continue reading →

Posted in Banking & Finance, Commercial Property, Property Law, Residential property, Tax Law | Tagged , , , , , | Leave a comment

Taxing Capital Gain – the IRD is coming for you

Posted on March 10, 2016 by Ivan McIntosh

So.  In simple terms, people currently pay tax on capital gain if they acquired the property with the intention of resale -ie they are property traders, so profits made on resale are taxable.  Or they sell within 2 years and … Continue reading →

Posted in Commercial Property, Property Law, Residential property, Tax Law, Uncategorized | Tagged , , , , , | Leave a comment