Bright-line test rollover relief Inland Revenue consults on land taxation and cross border worker issues What could be the fallout from the Pandora Papers? The Week In Tax · Bright-line rollover relief, land tax implications of changes of ownership &…
First look at extension of brightline test to 10 years and restriction of interest deductions for residential property investors The Week In Tax · Week in Tax Special on property taxation changes Transcript The Government on Tuesday released details of its housing package…
Terry Baucher summarises the top 3 stories from this week in tax.
- The Brightline Test and professional advice
- The Te Ao Māori capital gains tax case
- It’s tax filing season
The case discussed is GG & GE Blackburn Trustee Ltd v Crowe Horwath (NZ) Ltd  NZHC 366 HC Auckland, 8 March 2018. (There’s a link to the full judgement too) https://iknow.cch.co.nz/document/zntxtnewsUio2964331sl941803891/sale-of-property-attracts-bright-line-test
Here’s the link to the US story https://www.vox.com/2019/4/9/18301943/last-minute-tax-preparation-h-r-block-turbotax