The year ahead in tax will be dominated by this week’s release of the Tax Working Group’s final report.  The TWG is expected to recommend the introduction of a realisation based capital gains tax to close a perceived major gap in New Zealand’s tax system. The coming debate over CGT will almost certainly drown out […]

The week’s tax news in one handy summary.  New Zealand Tax Not sure if Andrew King meant to make the argument for taxing homeowners | Property investors: Tax law change poorly considered https://t.co/LTK7XeLl6E The TWG’s interim report wasn’t persuaded about indexation and capital gains. Will be interesting to see if that’s still the view | […]

The week’s tax news in one handy summary.  New Zealand Tax More on inflation and thresholds. Worth remembering that in 2005 a similar proposal by then finance minister Sir Michael Cullen was dismissed as “chewing gum tax cuts” | Proposed changes better, but ‘what about the extra billions already paid?’ https://t.co/RqpcPShTk5 Interesting take from Brad […]

The week’s tax news in one handy summary.  New Zealand Tax Some valid points raised but I can’t see assets acquired pre-introduction being excluded. Australia did this & it’s widely regarded as a mistake | Accountants call for changes in capital gains tax draft https://t.co/J349NQw5VF Will be interesting to see what the TWG says on […]

Summary of points made by Terry during this 5 minute interview [link to watch]. The trouble with Fiscal Drag as you cross a tax bracket and it’s not adjusted for inflation and so  reduces your take home pay. All the tax brackets need to move up as they haven’t changed since 2010. On an inflationary basis […]

The week’s tax news in one handy summary.  New Zealand Tax Abrupt changes of tax policy to shut down perceived abuses are a fact of life, but if a landlord is continuously running at losses how is that sustainable? | Leicester Gouwland: Another blow for residential landlords https://t.co/GSfHK5FaHF Broadly what I had expected to see, […]

The week’s tax news in one handy summary.  New Zealand Tax My last column of the year for http://interest.co.nz  looks at the TWG’s interim conclusions on taxing capital https://t.co/f7p46SGSEg Fair point on inflation: the alternative would be to adopt the risk-free rate of return. Not sure the Taxpayers’ Union base would like that | Capital […]