Capital Gains Tax

The recent May Budget introduces a capital gains tax on residential property investment. If you purchase and sell a residential property within two years you will be taxed on any capital gain unless that property was used as your main home, the property was inherited...

New tax payment rules expose taxpayers to late payment penalties

From the 1st of October 2014 the Westpac Bank no longer accept IRD Forms (GST Returns, Employer Monthly Summaries, Tax Payment Slips) or cheques for tax payments. This is part of a push by the Inland Revenue Department to increase the on-line payments of taxation from...