Tag Archives: tax

Residential Land Withholding Tax


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


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

Reducing Depreciation Recovery


When the property cycle starts to look like it is peaking, the temptation to sell comes calling…..so it may be worth thinking about all the depreciation claimed on your investment property.  Does it all have to be repaid if the … Continue reading

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

Residential Depreciation Axed from 1/4/11


Back in May 2010 the government announced that buildings with useful lives of 50 years or more would be subject to a zero percent depreciation rate and followed this with an IRD interpretation statement. The Taxation (GST and Remedial Matters) … Continue reading

Posted in Business Law, Property Law, Residential property, Tax Law, Unit Titles | Tagged , , , | Leave a comment

The end of the LAQC approaches…


A subject dear to the heart of all clients with residential property investments is the LAQC, otherwise known as the Loss Attributing Qualifying Company; a very useful device which allowed an LAQC’s profits to be taxed at the corporate rate, … Continue reading

Posted in Property Law, Residential property, Tax Law | Tagged , , , , , | 1 Comment