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December 2021

To view this newletter in a pdf format, click here.

Christmas/New Year Hours

This year, our office will close on Wednesday 22 December at midday and will reopen on Thursday 13 January 2022.  Not everyone is back then, but we should be close to having our full complement of staff back the following week.

2021 has been a year like no other and we would like to take this opportunity to thank you for your continued support over this difficult period.  We look forward to working with you again in the New
Year.

From  the  Team  at  nsaTax,  Merry  Christmas  and  Happy  New  Year!    Enjoy  your  break,  and  safe travels.

Extension of Reporting Requirements for Domestic Trusts

New legislation has considerably widened the scope of information that must be provided to IRD by the trustees of a family trust on an annual basis from the 2021/22 income year.  Read more here.

A Bright-line Test Lasting More Than 10 Years?

IRD recently issued an exposure draft detailing circumstances in which a change in legal ownership of land can restart the bright-line period, and results in significant overreach.  Click here to find out more.

Valuations

We can assist with the valuation of businesses and shares to support shareholder transactions, merger and acquisition activities and relationsihp property matters.

Please contact Bruce Watt (brucew@nsatax.co.nz or phone on 09 309 6505).