Tax Knowledge Bank

Common tax issues and questions

Knowledge on common tax topics we often encounter

We would like to introduce you to the “Tax Knowledge Bank”. As part of our commitment to you, we have developed a series of commentaries, information sheets and FAQs around common tax issues. It’s not about re-writing the Tax Act, it’s about providing you with a broad tax runway and guidance to confirm understanding or to maneuver away from mistakes that are commonly made.

We are here to guide and help you, but without a bit of knowledge sometimes it’s hard to know what question to ask. Tax Knowledge Bank provides you with information on tax topics that we often encounter. It will never be able to provide all the answers, and is general in nature, but exists to help steer you in the right direction; or to just quench those with a thirst for information.

Information is correct at the time of writing.

new zealand property ariel

The bright-line test fact sheet

The bright-line tests are just one small subset of a wide range of provisions that will seek to tax land sales. Read our bright-line fact sheet. 

Read the article here 

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GST recordkeeping is getting easier

Rozelle van Schaik, Senior Manager at BDO Auckland, considers the modernised GST rules in a three part series. 

Read the article here

Tax stats, dates and rates

An essential guide to key New Zealand tax statistics and facts. 

Read the guide

When is your land sale taxable?

While New Zealand does not have a comprehensive capital gains tax system, we do have wide ranging rules that will tax land sales.

Read the article here

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Tax resident individuals fact sheet

A New Zealand tax resident fact sheet to help you understand how your income will be taxed if you move overseas or are returning to NZ. 

Read the fact sheet here

Tax reminders checklist

We have prepared a list of steps that you can take prior to balance date to help you maximise any tax opportunities that you’re entitled to as well as some important reminders for the tax year-end. 

Read the checklist here

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Taxing the entrepreneurial spirit – the accidental trader

Buying something with the intent to sell? Learn about how profits arising from isolated transactions and business dealings are taxed.

Read the article here 

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Can a company carry forward tax losses with different shareholders?

Tax losses are now effectively pegged to the business, not the shareholder. Learn about the rules referred to as the “business continuity test” (“BCT”). 

Read the article here

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 How does New Zealand treat trusts for income tax purposes?

New Zealand trusts operate under a settlor-based regime. On a global scale, this is quite different from other jurisdictions, which tend to focus upon the tax residence of the trustees. 

Read the article here

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Tax residency: New Zealand transitional residency unpacked

Learn more about what it means to be a transitional resident.

Read the article here