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IRD cracking down on property sales
While New Zealand does not have a comprehensive capital gains tax, we do have a capital gains tax in relation to property known as the bright-line test.
Costly CDHB Decision – Reminder to Employers
A recent Employment Relations Authority (Authority) case has been released which is a good reminder to employers of the perils of disciplinary investigations and dismissals.
Tax Structuring for the 39% Tax Rate
In the 2020 election, Labour promised to introduce a new top tax rate of 39% on income over $180,000, likely to take effect from 1 April 2021.
Returning to work early from parental leave
COVID-19 has resulted in some employees on parental leave wanting to return to work early, be it for financial or other reasons.
Tax Deductibility and Healthy Homes standards
In mid-August, Inland Revenue released Questions we’ve been asked QB20/01 Can owners of existing residential rental properties claim deductions for costs incurred to meet Healthy Homes standards? Owners of residential rental properties are required to meet certain minimum standards which...
Inland Revenue signals their attention to offshore employers with New Zealand-based employees
With the current global pandemic more and more kiwis are returning home and continuing to work for their offshore employer.