Tax is full of unintended consequences and one such instance is probably critical to Jenée Tibshraeny’s exposé of the problems many bodies corporate of apartment blocks now face. The story begins in January 2010 when the Victoria University of Wellington Tax Working Group (the VUW TWG) released its report. The VUW TWG’s key recommendation was for the personal, trust and […]

The week’s tax news in one handy summary.  New Zealand Tax More from me on the TWG’s final report. This time looking in detail at the CGT proposals. Bonus feature: click on the link in the article to listen to me and @JeneeTibshraeny discussing the report https://t.co/oKcSWPItll Just re-upping my initial take on the TWG […]

When hearing the lamentations about the purported cost and harshness a capital gains tax (“CGT”) will bring, I think of Paul1. Dying of cancer he applied to his UK pension scheme for an early payment.  Paul died before it arrived, but his widow still got to pay the tax on the transfer. I am reminded […]