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Monthly Archives: May 2021

A GST Issue for the uninitiated.

GST REGISTRATION AND WARRANTIES The case of Louise Ling Vs YL NZ Investment Limited [2018] NZCA 133 (YL) shows how careful taxpayers need to be with GST registration issues. The facts of the case were as follows; On 2 July 2015, Ms Ling entered into an agreement to buy certain property situated at 170 Station […]

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Distributing a capital gain

Tax free distribution of capital gains from a company. A relic of New Zealand’s revenue past are provisions in the current Income Tax Act 2007 that imposes income tax on distributions of ‘available capital’ from ordinary companies to shareholders unless such a distribution is made during the course of a winding up of that company.  […]

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