Tax Working Group final report released

Tax Working Group final report released

The Tax Working Group’s report was released on the 21st February 2019. It made the following key recommendations with regards to the New Zealand tax system: Capital gains tax: Extend the existing coverage of taxing capital gains. Eight of the 11 members of the TWG...
Depreciation — change of use event

Depreciation — change of use event

Draft Question We’ve Been Asked PUB00343: Depreciation — change of use event has been released for consultation. From the summary: This item considers whether depreciation recovery income may arise for a business that becomes a charity and begins deriving exempt...