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We are concerned to hear of IRD bypassing tax agents and contacting clients directly to arrange onsite visits with such visits turning into a fishing expedition.  We remind clients of their rights when it comes to “friendly visits” from IRD.

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Now that the dust has settled on the Tax Working Group’s interim report, we make some observations and predictions on the likelihood of a broad-based capital gains tax regime being introduced and what it might look like.

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We identify and comment on a common GST trap clients fall into when buying the family bach.

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Disclaimer
This newsletter is not intended to provide an exhaustive or comprehensive statement of tax law and it should not be relied on or used as the basis for any decision or legal action.  Detailed professional advice should always be sought in order to verify the applicability of the relevant legislation to the specific case.