Property and land tax

Property and land tax

The taxation of land can seem complex, with increasing tax rules and tight margins on all property from developments to subdivisions.

Baker Tilly Staples Rodway’s trusted advisors understand the different pressures you face, and keep up to date with new rules, making you aware of tax implications before it’s too late. We are experienced at working closely with property industry leaders, advising and recommending changes to initial plans for better outcomes, and ensuring correct implementation. We also have experience assisting with widely-held property investment entities.

Read more about our specialist property and construction team here.

Our services include:

  • Advice on detailed application of New Zealand’s property taxation rules, and how to ensure optimal results are achieved.
  • Advice on application of the brightline test.
  • GST change of use adjustments.
  • Structures for efficient taxation of property income.
  • IRD binding rulings on land transactions.
  • Assistance dealing with questions from Inland Revenue on audits and disputes.
  • Reviewing sale and purchase agreements relating to land and compulsory GST zero-rating.
Services

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News

Construction 500x500
16 May 2024

Commercial buildings: How tax depreciation removal affects you

Do you own commercial or industrial buildings and report under IFRS or PBE standards? Have you considered how the recent removal of tax depreciation deductions on these buildings will affect you?

Tax Freedom Day 24 500x500
14 May 2024

Tax freedom comes early – but it’s a likely sign of rough weather ahead

A lower corporate tax take, wage inflation and plummeting spending indicate a difficult 2024.

Provisional Tax 500x500
21 Mar 2024

What is provisional tax? It’s a tax that, strangely, makes our lives easier!

The word “tax” typically isn’t music to anyone’s ears, but there is a tax that makes our lives easier. We’re talking about provisional tax, which lets us spread our income tax payments across the financial year, rather than make one crippling payment at the end.

Tax Talk brightline 500x500
20 Mar 2024

Bright-line tax and rental interest deductibility – what you need to know

Late last week, the government announced changes to the tax Bill now working its way through Parliament. This bill is bringing in the new trust tax rate of 39% with effect from 1 April 2024.

Tax Talk App tax 500x500
07 Mar 2024

Tax Talk: App tax to stay – here’s how the new regulations will apply

With National having promised to repeal the platform economy GST rules (the so-called “app tax”), it came as a surprise to many when late last year, the incoming coalition government indicated they would not repeal the “app tax”.

Director Fees 500x500
14 Dec 2023

Ask an expert: What are employers’ obligations around directors’ fees?

Ask an expert: I have recently taken on an independent director who is not also an employee. What do I need to be aware of?

2023 Pre Election Survey results A 500x500
31 Aug 2023

Pre-Election Survey paints a broad picture of business sentiment

Over the past month, we've been carrying out our 2023 Pre-Election Survey, with 741 clients sharing their thoughts on everything from government performance to tax settings.  There is also some crystal-ball gazing on export prices and housing market expectations.

Tax Pooling 500x500
17 Aug 2023

Savings of $4m-plus: Clients find tax pooling is well worth the plunge

If you read an article about a group of people in essence reaping more than $4 million, you might assume they’d had a Lotto win.  

Tax Talk Aug 2023 500x500
08 Aug 2023

Tax Talk: Inland Revenue updates a range of 2023 income year tax rates

Our specialists outline the amendments to FBT interest rates, use of money interest, kilometre- and square metre rates, short-stay accommodation and more. . .

Technology funding 500x500
18 Jul 2023

Government's game development boost fails to move the joystick

Two months ago, the New Zealand government announced in its 2023 budget that it would assist video game developers and the wider digital industry.

Gifting 23 500 x 500
20 Jun 2023

Gifting and taxes feel like a minefield, but are they?

Ask an expert: Christchurch directors Dorian Crighton and Spencer Smith package up the answers to your gifting questions…

Budget 2023 500x500
18 May 2023

2023 Budget: Trustee tax rate will increase to 39%

Finance Minister Grant Robertson has released his sixth budget. The government had indicated there would be no real surprises in today’s budget and Robertson has not disappointed. We highlight the key items for business.

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