Residential property tax issues / presented by Mike Hadwin
By: Hadwin, Mike.Series: Professional Development course paper (NZICA).Publisher: Wellington, N.Z. : New Zealand Institute of Chartered Accountants (NZICA), 2014Edition: April/May.Description: 1 v. ; 30 cm.ISSN: 1173-9851.Subject(s): Property | GST | Income tax
|Item type||Home library||Collection||Call number||Status||Date due||Item reserves|
|CA Course/Conference Paper - NZ||New Zealand||S.1199 (Browse shelf)||Available|
|CA Course/Conference Paper - NZ||New Zealand||Reference||S.1199 (Browse shelf)||Not For Loan|
TAX & GST ISSUES ON PURCHASE/SALE : Income tax -- GST. A RESIDENTIAL RENTAL AS A TAXABLE ACTIVITY: General -- Taxable activity -- Holiday homes -- Serviced apartments -- Practical issues. RESIDENTIAL PROPERTY AS A BUSINESS: General rules -- Holiday homes -- Boarders -- Example. INCOME TAX DEDUCTIONS FOR FIT OUTS, RENOVATIONS & REFITS: General -- Repairs and maintenance -- IS10/01 -- Example. TAX DEPRECIATION ISSUES: Introduction -- Depreciation rates -- Changes from 1 April 2011 -- Election not to depreciate -- Apportionment between land, buildings & chattels. PARTIAL USE: General rules -- Input tax for acquisitions before registration -- Concurrent use of land.
Reviews the rules and requirements regarding the income tax and GST treatment of residential rental properties.