New IRD tax book available now
Inland Revenue has recently released a booklet that clearly spells out the circumstances under which tax is payable on property sales.
Tuesday, March 4th 2008, 12:00AM
by The Landlord
The guide is designed to help people understand whether they should be paying tax when they sell a property and tells people about their responsibilities.
“It will help you decide whether you need to get more information or professional advice,” IRD says.
The guide is primarily aimed at individuals. IRD says builders, developers and dealers should talk to their tax professionals as different rules may apply.
The guide contains a number of case studies as well as telling readers where they can get more information.
You can download the guide by clicking on this link:
http://www.goodreturns.co.nz/pics/ir313.pdf
Other forms are available for landlords in our Toolbox section here.
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