A client has a rental property. There are two houses on the land, offering a home and income situation. He has rented for 4 years. He now plans to split the property into two titles, and sell the house. I assume he is not liable for income tax for changing the title and sell as it was a rental investment property?
Read MoreA business is renting a premise as a shop, now it is required by the landlord to share the repair & maintenance of the building roof, my question is that can the business claim for tax purpose?
Read MoreAre legal and accounting fees for succession planning tax deductible? If they are not tax deductible, can the GST be claimed on the expense because they are somewhat capital in nature (costs are partly to do with sale of a capital assets)?
Read MoreA client required a valuation on their residence in order to get a loan to buy an investment property. Can they claim the cost of this valuation?
Read MoreI have a client who needs to strengthen their building to get up to code due to the earthquakes in the upper South Island. Normally I would say this is to be capitalised. However, do you know of any tax changes allowing building strengthening to be expensed due to earthquakes?
Read MoreMy client has received estate funds from the UK after his mother died. These funds have been taxed in the UK - do we need to declare this on his IR3 return and are these taxed in NZ?
Read MoreShareholders of a company sold its shares to a non-related company. Are the consultancy fees paid to one of the big four accounting firms in relation to settlement dispute tax deductible?
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