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The Business Advisory Blog

Welcome to our blog

Insight, news and updates from Alliott NZ Chartered Accountants, Auckland New Zealand. The views expressed here are the views of the author and should be discussed in further detail should an article be relevant to your individual circumstances.

While every effort has been made to provide valuable, useful information in this publication, this firm and any related suppliers or associated companies accept no responsibility or any form of liability from reliance upon or use of its contents.  Any suggestions should be considered carefully within your own particular circumstances, as they are intended as general information only.

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Tax Rules Changes for NZ Residential Investment Property

Posted by Vanessa Williams on April 13th, 2022.      0 comments

house hands-626Legislation has recently been enacted in New Zealand pertaining to changes in interest deductibility and Brightline Rules for residential investment properties. The changes are also retrospective.

NZ 2022 Year-End Tax Checklist

Posted by Greg Millar on March 30th, 2022.      0 comments

check tick-407-962There are actions you can take now to maximise tax deductions. We’ve provided a useful checklist of tax deductions available for you to consider.

Real estate sector allowable deductions

Posted by Greg Millar on April 6th, 2021.      0 comments

race-341Real estate operators claiming private expenses, but not keeping logbooks or other business records to support a deduction, are on the IRD's radar.

Special Tax Alert - Coronavirus COVID19

Posted by Vanessa Williams on March 17th, 2020.      0 comments

Graphic for a website page- CoronavirusThe New Zealand Government has announced a $12.1billion business continuity package aimed at assisting businesses through the COVID-19 situation. The largest element of the package is the delivery of $5.1billion in wage subsidies to businesses and the delivery of support for workers needing to self-isolate, delivered through the Ministry of Social Development.

Residential property changes

Posted by Greg Millar on December 2nd, 2019.      0 comments

key handover-357From the 2019-20 income year onward, new rules apply to deductions claimed for residential properties.

Tax treatment for leaky building remediation

Posted by Greg Millar on November 13th, 2017.      0 comments

tap-221NZ IRD highlight the steps to work out the type of repair and maintenance costs of the leaky building (as a rental property) and whether you can claim them as a deduction. 

Recording Expense Claims in Xero

Posted by Rose McNair on March 23rd, 2017.      0 comments

xero-gold-partner-logo-hires-RGB-382Here at Alliotts it’s been a good few weeks of everyone working diligently to ensure our clients are all geared up for financial year end. Therefore it might be apt to say this month’s article is a little light given the seriousness of this time of year.


Entertainment deductibility table

Posted by Vanessa Williams on November 9th, 2016.      0 comments

cracker-702On the countdown to Christmas, use our entertainment deductibility table to make sure you get your business entertainment expenses right this year. Download your free copy.

Deducting expenditure on gifts of food and drink

Posted by Anthony McIlroy on October 6th, 2016.      0 comments

after party-644-414In essence, providing food and wine gifts are only 50% deductible. Historically there has been ambiguity around this but as of 1 September 2016 it is definitely only 50%. (This is of particular relevance to real estate agents.)


Your 2016 year end checklist

Posted by Vanessa Williams on March 17th, 2016.      0 comments

check tick-407-962The standard year end for New Zealand businesses is upon us, occurring at the end of this month. There are actions you can take now to maximise tax deductions prior to this date.

We’ve provided a useful checklist of tax deductions available for you to consider.

Got GST to claim for a period you've already filed a return for?

Posted by Vanessa Williams on March 7th, 2016.      0 comments

GST-274 The Inland Revenue have recently reiterated their communication on this topic and recommended any GST input claims be processed in the next GST return to be filed.
Topics: deductions , Gst, tax

New rules relating to property from 1 Oct 2015

Posted by Greg Millar on September 4th, 2015.      0 comments

house hands-626The main feature of this Bill is the proposed new objective bright-line test for land sales which will impose income tax on any gains from residential property acquired and disposed of within two years.  An exception is provided where the disposal is of a person’s “main home” as defined.  The bill essentially follows the proposal in the issues paper with some refinement based on submissions.